The Inverted U-Shaped Relationship between Female Entrepreneurship and Economic Development
with N. Ashraf (LSE), E. Glaeser (Harvard) and I. Solmone (Bocconi)
AEA Papers & Proceedings, 115, May 2025: 500-508
Breaking Gender Barriers: Experimental Evidence on Men in Pink-Collar Jobs
The American Economic Review, 114 (6), June 2024: 1816-53
Coverage: The Indicator (from Planet Money), American Institute for Boys and Men (AIBM)
UniCredit Foundation Best Paper Award on Gender Economics (2021)
with S. Aman Rana (University of Virginia) and Brais Álvarez Pereira (NOVA SBE)
Journal of Economic Behavior and Organization, 224, August 2024: 924-948
Coverage: Il Giornale (in Italian)
Rethinking Age Heaping: A Cautionary Tale from XIX Century Italy
with B. A'Hearn (Oxford) and A. Nuvolari (Sant'Anna)
The Economic History Review, 75 (1), 2021: 111-137
The Distinctive Values of Bankers
with N. Ashraf (LSE) and O. Bandiera (LSE)
AEA Papers & Proceedings, 110, May 2020: 167-171
Female Entrepreneurship and Trust in the Market
with N. Ashraf (LSE), E. Glaeser (Harvard) and Kim Sarnoff (Princeton)
Revised and resubmitted at the Journal of Political Economy
Coverage: VoxDev, International Growth Center Blog
Commerce requires trust, but trust is difficult when one group can expropriate another due to differences in power. This can lead the weaker group to self-segregate into industries and activities; female-led businesses, for example, tend to be small and clustered in a small number of industries where collaborators are also female. We present a model which relates this economic segregation to rule of law, and predicts that female trust depends on the protective preferences of adjudicators in weak rule of law environments. We then show that effective dispute resolution in Lusaka, Zambia, especially as administered by "market chiefs," enables trusting behavior by female entrepreneurs, both in cross-section correlations and in two artefactual field experiments. Such trust generates increased economic returns. We find considerable heterogeneity across market chiefs in their preferences for protecting more vulnerable women.
Learning to See the World’s Opportunities: Memory, Mental Experiencing and the Economic Lives of the Vulnerable
with N. Ashraf (LSE), G. Bryan (LSE), E. Holmes (Uppsala), L. Iacovone (WB), C. Meyer (Oxford) and A. Pople (WB)
Revise and resubmit at the Journal of Political Economy
Coverage: BBC Ideas, Bocconi Video
The capacity to imagine possibilities beyond one’s experience is fundamental to economic life. This ability draws on memory and becomes distorted by experiencing trauma. To what extent does this distortion influence how new experiences are interpreted, and can it be repaired? In this paper, we answer these questions in two RCTs where we introduce and evaluate Guided Mental Experiencing (GME), a scalable intervention that trains individuals to construct vivid, causally structured simulations of future success and is designed to repair the cognitive impacts of trauma. In a sample of refugees in Ethiopia, consistent with the repair hypothesis, GME alone improves simulation quality, labor supply, income, and food security. In a sample of vulnerable would be entrepreneurs in Colombia, we test both hypotheses. Traditional business training harms trauma-exposed participants—consistent with the idea that history shapes how people respond to new interventions. Adding GME reverses these effects—consistent with cognitive repair. We contribute evidence that trauma-induced constraints are malleable, introduce new tools to measure simulation, and provide large-scale evidence on the behavioral and economic effects of GME.
Funding: IPA P&R Exploratory Grant, IGA-Rockefeller Research and Impact Fund, J-PAL PPE, IPA P&R, J-PAL GEA
Value Misalignment at the Workplace
with M. Espinosa (Bocconi)
Coverage: VoxTalks (CEPR), ViaSarfatti25
Large organizations often require employees to collaborate with others who may see the world differently. Yet, little is known about whether misalignment in personal values with managers or colleagues affects performance. Using survey and administrative data from a world-leading bank, we find that employees who don’t share their manager’s values perform worse, with a stronger effect in objective productivity measures than subjective evaluations. This result is not explained by diversity in demographics or misalignment with organizational values. The productivity loss going from the least to the most misaligned worker is nearly four times greater than the impact of having a manager of a different gender. Differences in values with teammates do not have similar performance consequences. We provide evidence consistent with a decline in both employee-led communication and morale when workers have values different from those of their managers. Our findings reveal the important but often-overlooked influence of diversity in personal values on organizational performance.
Unwilling to reskill? Evidence from a survey experiment with Italian jobseekers
with R. Sadun (HBS), S. Inferrera (Queen Mary), A. Garnero (OECD) and M. Leonardi (Statale di Milano)
We study barriers preventing jobseekers from pursuing reskilling in high-demand occupations. Using a discrete choice experiment, we quantify the demand for reskilling among Italian jobseekers in two white-collar high-demand occupations—information technology assistant and construction technician—and identify its main determinants. Willingness to pay estimates show that participants are willing to pay to reskill into IT, but would require compensation to reskill into construction. Beliefs about monetary returns and social status help explain differences in reskilling demand, but perceived identity fit in the target occupation emerges as the most important individual-level factor shaping reskilling decisions. A light-touch randomized information intervention providing data on occupational returns significantly increases both stated interest in reskilling and actual engagement in real-world training.
Beyond bonuses: the incentive effect of a prosocial initiative on bankers (analysis)
with N. Ashraf (LSE), O. Bandiera (LSE) and M. Fossi (LSE)
Encouraging hands-on job experimentation among teenagers: evidence from Switzerland (data collection)
with A. Brenoe (UZH), C. Schilter (Bern) and S. Wolter (Bern)
Friendly workplaces for working mothers: Experimental evidence on encouraging the creation of lactation rooms in Kenya (data collection)
with S. Fiorin (Bocconi)
Funding: J-PAL GEA, Weiss Fund, LEAP
Gender and the demand and supply of advice in teams (analysis)
with Shan Aman-Rana (University of Virginia) and Shamyla Chaudry (Lahore School of Economics)