A piggy bank is a classic childhood favorite, one that has endured for generations. In the last 20 years, many children were encouraged to put away their pennies after getting to know the piggy bank Hamm, a character in the Toy Story franchise. But what may feel like a game to kids is in fact teaching them a very important habit that can set a country on a path to development: … [Read more...] about Turning a Piggy Bank into a Savings Account in Peru
Microeconomics and Competitiveness
Policymakers may have big plans like extending a highway or starting a new social assistance program. Then again, they may have more modest plans such as meeting payrolls or maintaining existing infrastructure and levels of service. Realizing any of those plans requires a dependable stream of revenue, usually including taxes on individuals’ income and property. In an ideal … [Read more...] about Raising Tax Revenues on a Tight Budget: A Field Experiment in the Pampas
By: Matias Busso and Julian Cristia Take a moment to recall the last time you forgot someone's birthday. When was the last time you were at the grocery store and forgot that one crucial ingredient for dinner? How many times have you been locked out in the past year? A good memory is undoubtedly important for anyone. The memory of faces, names, facts and many other things … [Read more...] about Did You Get Your Shots? In Rural Communities in Guatemala a Simple Reminder Improved Health
The US state of California is passing through a very serious drought, which has resulted in serious problems of water availability. Experts have not been able to agree on the reasons for the extreme situation and why preventive measures were not taken, nor have they been able to agree on the best possible solutions. Nevertheless, it seems that the measures they have taken up … [Read more...] about Faced with a Water Shortage, a Flood of Ideas.
What's the key to happiness? How can we become as happy as those who live in Nordic countries -“the happiest in the world" - according to the United Nations' World Happiness Report 2013? One of the keys is not comparing ourselves to everyone else. Improving people's quality of life and their happiness is not easy. Happiness depends on many factors that are often beyond the … [Read more...] about Does Facebook Conspire against Happiness?