IZA Discussion Papers | IZA@LISER Network

published as 'Learning from experience: Flooding and insurance take-up in the flood zone and its periphery' in: Journal of Risk and Insurance, 2025, 92 (2), 312-356

IZA Discussion Paper No. 16854

Trend in Energy Intensity and Carbon Performance in North Africa

Grakolet Gourene, Samia Mansour Hamouda, Zuzana Brixiova Schwidrowski

published in: M. Arouri and M. Gomes (eds.), Handbook on Energy and Economic Growth, Edward Elgar Publishing, 2024

IZA Discussion Paper No. 16679

Access to Digital Finance: Equity Crowdfunding across Countries and Platforms

Saul Estrin, Susanna Khavul, Alexander S. Kritikos, Jonas Löher

published in: PLoS ONE, 2024, 19 (1), e0293292.

IZA Discussion Paper No. 16303

The Interplay among Savings Accounts and Network-Based Financial Arrangements: Evidence from a Field Experiment

Margherita Comola, Silvia Prina

published in: Economic Journal, 2023, 133 (649), 516 - 535

IZA Discussion Paper No. 16105

A Tale of Two Bankruptcies: Geographic Differences in Bankruptcy Chapter Choice

Nathaniel Pattison, Daniel L. Millimet

IZA Discussion Paper No. 16101

Is Mobile Money Changing Rural Africa? Evidence from a Field Experiment

Catia Batista, Pedro C. Vicente

published in: Review of Economics and Statistics, 2025, 107 (3), 835–844.

IZA Discussion Paper No. 15579

Privatizing Disability Insurance

Arthur Seibold, Sebastian Seitz, Sebastian Siegloch

IZA Discussion Paper No. 15458

Help in a Foreign Land: Internationalized Banks and Firms’ Export

Emanuele Brancati

IZA Discussion Paper No. 15446

Till Debt Do Us Part: Strategic Divorces and a Test of Moral Hazard

Yeorim Kim, Mauro Mastrogiacomo, Stefan Hochguertel, Hans Bloemen

IZA Discussion Paper No. 15392

How Do Insurers Price Medical Malpractice Insurance?

Bernard Black, Jeffrey Traczynski, Victoria Udalova

IZA Discussion Paper No. 15383

On the Optimal Size of a Joint Savings Association

Oded Stark, Wiktor Budzinski, Marcin Jakubek, Grzegorz Kosiorowski

published in: Journal of Comparative Economics, 2022, 50 (3), 804 - 814

IZA Discussion Paper No. 15337

'Since You're So Rich, You Must Be Really Smart': Talent, Rent Sharing, and the Finance Wage Premium

Michael Johannes Böhm, Daniel Metzger, Per Strömberg

published in: Review of Economic Studies, 2023, 90 (5), 2215–2260,

IZA Discussion Paper No. 15216

Are Entrepreneurs Aware of Covered Interest Parity and Dollar Shortage?

Farhad Nariman, Almas Heshmati

IZA Discussion Paper No. 15214

Media Capture by Banks

Ruben Durante, Andrea Fabiani, Luc Laeven, José-Luis Peydró

IZA Discussion Paper No. 15200

Epidemic Exposure, Financial Technology, and the Digital Divide

Orkun Saka, Barry Eichengreen, Cevat Giray Aksoy

revised version published in: Journal of Money, Credit and Banking, 2022, 54 (7), 1913 - 1940

IZA Discussion Paper No. 15164

Workers' Moral Hazard and Insurer Effort in Disability Insurance

Pierre Koning, Max van Lent

published in: Journal of Risk and Insurance, 2024, 91 (4), 1049 - 1088

IZA Discussion Paper No. 14985

Adverse Selection in the Group Life Insurance Market

Timothy F. Harris, Aaron Yelowitz, Jeffery Talbert, Alison Davis

published in: Economic Inquiry, 2023, 61 (5), 911-941

IZA Discussion Paper No. 14876

Biased Survival Expectations and Behaviours: Does Domain Specific Information Matter?

Joan Costa-Font, Cristina Vilaplana-Prieto

published in: Journal of Risk and Uncertainty, 2022, 65, 285 - 317

IZA Discussion Paper No. 14681

Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?

Mee Jung Kim, Kyung Min Lee, John S. Earle

published in: Economics Letters, 2021, 209, 110146

IZA Discussion Paper No. 14603

Technological Change and Domestic Outsourcing

Antonin Bergeaud, Clément Mazet-Sonilhac, Clément Malgouyres, Sara Signorelli

published in: Journal of Labor Economics, 2025, 43 (4), 1135–1168

IZA Discussion Paper No. 14523

Using Bank Savings Product Design for Empowering Women and Agricultural Development

Jose C. Galdo

updated version published online in: World Bank Economic Review, 29 May 2024

IZA Discussion Paper No. 14477

Liquidity or Capital? The Impacts of Easing Credit Constraints in Rural Mexico

Gabriela Aparicio, Vida Bobic, Fernando De Olloqui, María Carmen, María Carmen Fernández Diez, Maria Paula Gerardino, Oscar A. Mitnik, Sebastian Vargas Macedo

IZA Discussion Paper No. 14403

Black Entrepreneurs, Job Creation, and Financial Constraints

Mee Jung Kim, Kyung Min Lee, J. David Brown, John S. Earle

IZA Discussion Paper No. 14170

Home Ownership and Home Equity Promote Entrepreneurial Activity

Wolter Hassink, Matteo Millone, Remco Mocking, Benedikt Vogt

IZA Discussion Paper No. 14069

Gender Match and the Gender Gap in Venture Capital Financing: Evidence from Shark Tank

Michael Jetter, Kieran Stockley

published as 'Gender match and negotiation: evidence from angel investment on Shark Tank' in: Empirical Economics, 2023, 64, 1947 - 1977

IZA Discussion Paper No. 13893

Propensity Score Weighting with Mismeasured Covariates: An Application to Two Financial Literacy Interventions

Hao Dong, Daniel L. Millimet

published in: Journal of Risk and Financial Management, 2020, 13, 290

IZA Discussion Paper No. 13854

Finance, Gender, and Entrepreneurship: India's Informal Sector Firms

Ira N. Gang, Rajesh Raj Natarajan, Kunal Sen

published in: Journal of Development Studies, 2022, 58 (7), 1383-1402

IZA Discussion Paper No. 13848

Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets

Loukas Balafoutas, Helena Fornwagner, Rudolf Kerschbamer, Matthias Sutter, Maryna Tverdostup

IZA Discussion Paper No. 13708

Access to Finance among Small and Medium-Sized Enterprises and Job Creation in Africa

Zuzana Brixiova Schwidrowski, Thierry Kangoye, Urbain Thierry Yogo

published in: Structural Change and Economic Dynamics, 2020, 55, 177 - 189

IZA Discussion Paper No. 13583

Trustworthiness in the Financial Industry

Andrej Gill, Matthias Heinz, Heiner Schumacher, Matthias Sutter

revised version published as 'Social Preferences of Young Professionals and the Financial Industry' in: Management Science, 2023, 69 (7), 3905-3919.

IZA Discussion Paper No. 13553

Climate Risk and Beliefs in New York Floodplains

Matthew Gibson, Jamie Mullins

published as 'Climate risk and beliefs in New York floodplains' in: Journal of the Association of Environmental and Resource Economists, 2020, 7 (6), 1069-1111.

IZA Discussion Paper No. 13185

The Long Run Earnings Effects of a Credit Market Disruption

Effrosyni Adamopoulou, Marta De Philippis, Enrico Sette, Eliana Viviano

IZA Discussion Paper No. 12966

Consumer Debt and Default: A Macro Perspective

Florian Exler, Michèle Tertilt

IZA Discussion Paper No. 12934

Adopting Mobile Money: Evidence from an Experiment in Rural Africa

Catia Batista, Pedro C. Vicente

published in: American Economic Review: Papers & Proceedings, 2020, 110, 594 - 598

IZA Discussion Paper No. 12926

Enterprising Women in Southern Africa: When Does Land Ownership Matter?

Zuzana Brixiova Schwidrowski, Thierry Kangoye, Fiona Tregenna

published in: Journal of Family and Economic Issues, 2020, 41 (1), 37 - 51

IZA Discussion Paper No. 12836

Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry

Kyle Herkenhoff, Gajendran Raveendranathan

published online in: Review of Economic Studies, rdae098, 24 October 2024

IZA Discussion Paper No. 12393

Financial Crises and Liberalization: Progress or Reversals?

Orkun Saka, Nauro F. Campos, Paul De Grauwe, Yuemei Ji, Angelo Martelli

published in: Campos, N., P. De Grauwe and Y. Ji (eds), Economic Growth and Structural Reforms in Europe, Cambridge University Press, 2020, 177 - 213

IZA Discussion Paper No. 12359

Monetary Policy Transmission to Consumer Financial Stress and Durable Consumption

Dimitris Georgarakos, Konstantinos Tatsiramos

IZA Discussion Paper No. 12221

NDC: The Generic Old-Age Pension Scheme

Marek Góra, Edward Palmer

published in: Robert Holzmann, Edward Palmer, Robert Palacios, and Stefano Sacchi (eds.), Progress and Challenges of Nonfinancial Defined Pension, Vol. 1, International Bank for Reconstruction and Development / The World Bank, Washington DC, 2020, 167 - 188

IZA Discussion Paper No. 12161

Did the Arab Spring Reduce MENA Countries' Growth?

Mahmoud Arayssi, Ali Fakih, Nathir Haimoun

published in: Applied Economics Letters, 2019, 26 (19), 1579-1585

IZA Discussion Paper No. 11928

Financial Inclusion, Shocks and Poverty: Evidence from the Expansion of Mobile Money in Tanzania

Olukorede Abiona, Martin Foureaux Koppensteiner

published in: Journal of Human Resources, 2020,18, 435-464

IZA Discussion Paper No. 11774

Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers

Joan Costa-Font, Sergi Jimenez-Martin, Cristina Vilaplana-Prieto

revised version published as 'Do Public Caregiving Subsidies and Supports affect the Provision of Care and Transfers?' in: Journal of Health Economics, 2022, 84,102639

IZA Discussion Paper No. 11515

Financial Education for the Disadvantaged? A Review

Horst Entorf, Jia Hou

IZA Discussion Paper No. 11512

Getting Life Expectancy Estimates Right for Pension Policy: Period versus Cohort Approach

Mercedes Ayuso, Jorge Miguel Bravo, Robert Holzmann

published in: Journal of Pension Economics and Finance, 2021, 20 (2), 212 - 231

IZA Discussion Paper No. 11316

Mortgage Finance and Culture

Núria Rodríguez-Planas

published in: Journal of Regional Science, 2018, 58 (4), 786 - 821

IZA Discussion Paper No. 11257

Heterogeneous Effects of Credit Constraints on SMEs' Employment: Evidence from the Great Recession

David Cornille, François Rycx, Ilan Tojerow

published as 'Heterogeneous Effects of Credit Constraints on SME's Employment: Evidence from the European Sovereign Debt Crisis' in : Journal of Financial Stability, 2019, 41, 1-13

IZA Discussion Paper No. 11193

NDC Schemes and Heterogeneity in Longevity: Proposals for Redesign

Robert Holzmann, Jennifer Alonso-García, Heloise Labit-Hardy, Andres M. Villegas

published in: R. Holzmann, E. Palmer, R. Palacios. S. Sacchi (eds). Progress and Challenges of Nonfinancial Defined Contribution Pension (NDC) Schemes, Volume 1: Addressing Marginalization, Polarization, and the Labor Market, Chapter 14. Washington, D.C.: The World Bank.

IZA Discussion Paper No. 11032

Households Debt Restructuring: The Re-default Effect of a Debt Suspension

Henri Fraisse

published in: Journal of Law, Economics & Organization, 2017, 33 (4), 686 - 717

IZA Discussion Paper No. 11017

Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure

Diego Zunino, Mirjam C. van Praag, Gary Dushnitsky

IZA Discussion Paper No. 10989

The Accident Externality from Trucking

Lucija Muehlenbachs, Stefan Staubli, Ziyan Chu

revised version published in: Regional Science and Urban Economics, 2021, 88, 10363

IZA Discussion Paper No. 10871

Exit, Voice or Loyalty? An Investigation into Mandated Portability of Front-Loaded Private Health Plans

Juan Pablo Atal, Hanming Fang, Martin Karlsson, Nicolas R. Ziebarth

published in: Journal of Risk and Insurance, 2019, 86 (3), 697-727

IZA Discussion Paper No. 10751

Consumer Loan Response to Permanent Labor Income Shocks: Evidence from a Major Minimum Wage Increase

Ibrahim Ethem Guney, Yavuz Selim Hacihasanoglu, Semih Tumen

IZA Discussion Paper No. 10744

Nudging Households to Take Up Health Insurance: Evidence from a Randomized Experiment in Burkina Faso

Fadima Bocoum, Michael Grimm, Renate Hartwig, Nathalie Zongo

published as 'Can information increase the understanding and uptake of insurance? Lessons from a randomized experiment in rural Burkina Faso' in: Social Science and Medicine, 2019, 220, 102-111.

IZA Discussion Paper No. 10378

Addressing Longevity Heterogeneity in Pension Scheme Design and Reform

Mercedes Ayuso, Jorge Miguel Bravo, Robert Holzmann

published in: Journal of Finance and Economics, 2017, 6 (10), 1-21

IZA Discussion Paper No. 10323

Empowering the Vulnerable to Be Entrepreneurs: An Empirical Test on the Effectiveness of the Ghana Microfinance Policy 2006

Luis Diaz-Serrano, Frank Gyimah Sackey

IZA Discussion Paper No. 10229

Effects of Labor Reallocation on Productivity and Inequality: Insights from Studies on Transition

Joanna Tyrowicz, Lucas Van der Velde, Jan Svejnar

published in: Journal of Economic Surveys, 2017, 31 (3), 712-732

IZA Discussion Paper No. 10152

Marketmaking Middlemen

Pieter A. Gautier, Bo Hu, Makoto Watanabe

published in: RAND Journal of Economics, 2023, 54 (1), 83 - 103

IZA Discussion Paper No. 10117

Service Sector Development and its Determinants in Rwanda

Eric Uwitonze, Almas Heshmati

IZA Discussion Paper No. 10060

On the Heterogeneity in Longevity among Socioeconomic Groups: Scope, Trends, and Implications for Earnings-Related Pension Schemes

Mercedes Ayuso, Jorge Miguel Bravo, Robert Holzmann

published in: Global Journal of Human Social Sciences-Economics, 2017, 17 (1), 33-58

IZA Discussion Paper No. 10046

The Impact of Micro-Credit on Employment: Evidence from Bangladesh and Pakistan

Azhar Kahn, Twyeafur Rahman, Robert E. Wright

IZA Discussion Paper No. 10024

How to Help Poor Informal Workers to Save a Bit: Evidence from a Field Experiment in Kenya

Merve Akbas, Dan Ariely, David A. Robalino, Michael Weber

IZA Discussion Paper No. 10006

Effects of Credit Supply on Unemployment and Inequality

Subhayu Bandyopadhyay, Elias Dinopoulos, Bulent Unel

revised version published in: Federal Reserve Bank of St. Louis Review, 2018, 100 (4), 345-362

IZA Discussion Paper No. 9992

How Successful Are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India

Sumon K. Bhaumik, Ali M. Kutan, Sudipa Majumdar

published in: European Journal of Finance, 2018, 24 (12), 1047 - 1062

IZA Discussion Paper No. 9427

Trend-Spotting in the Housing Market

Nikos Askitas

published in: Cityscape - A Journal of Policy Development and Research, 2016, 18 (3), 185-198

IZA Discussion Paper No. 9267

Finance and Growth at the Firm Level: Evidence from SBA Loans

J. David Brown, John S. Earle

publlished in: Journal of Finance, 2017, 72 (3), 1039 - 1080

IZA Discussion Paper No. 8999

Is Rationing in the Microfinance Sector Determined by the Microfinance Type? Evidence from Ghana

Luis Diaz-Serrano, Frank Gyimah Sackey

published as "Microfinance and credit rationing: does the microfinance type matter?" Journal of Sustainable Finance & Investment, 8(2), 114–131.

IZA Discussion Paper No. 8772

Institutions and Development in MENA Region: Evidence from the Manufacturing Sector

Mahmoud Arayssi, Ali Fakih

published in: International Journal of Social Economics, 2015, 42 (8), 717-732

IZA Discussion Paper No. 8641

Do Interventions Change the Network? A Panel Peer-Effect Model Accounting for Endogenous Network Changes

Margherita Comola, Silvia Prina

IZA Discussion Paper No. 8306

Cross-National Differences in Wealth Portfolios at the Intensive Margin: Is There a Role for Policy?

Karina Doorley, Eva Sierminska

published in: Research on Economic Inequality, 2014, 22, 43-85

IZA Discussion Paper No. 8294

Recovery Performance of Primary Agriculture Credit Societies in India: An Assessment

Rabin Mazumder, Chandrasekhar Chakravarty, Amit Kumar Bhandari

IZA Discussion Paper No. 8193

Do Interventions Targeted at Micro-Entrepreneurs and Small and Medium-Sized Firms Create Jobs? A Systematic Review of the Evidence for Low and Middle Income Countries

Michael Grimm, Anna Luisa Paffhausen

published in: Labour Economics, 2015, 32, 67-85

IZA Discussion Paper No. 8172

Surprising Selection Effects in the UK Car Insurance Market

Edmund Cannon, Giam Pietro Cipriani, Katia Bazar-Rosen

published in: Oxford Economic Papers, 2016, 68 (4), 879-897

IZA Discussion Paper No. 7994

Crowdfunding, Cascades and Informed Investors

Simon C. Parker

IZA Discussion Paper No. 7910

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Olivier Coibion, Yuriy Gorodnichenko, Marianna Kudlyak, John Mondragon

IZA Discussion Paper No. 7872

Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises

Pierluigi Balduzzi, Emanuele Brancati, Fabio Schiantarelli

published in: Journal of Financial Intermediation, 2018, 36, 1-15

IZA Discussion Paper No. 7851

The Effect of Credit Guarantees on R&D Investment of SMEs in Korea

Almas Heshmati

published in: Asian Journal of Technology Innovation, 2015, 23 (3), 407-421.

IZA Discussion Paper No. 7800

Incentive Pay and Performance: Insider Econometrics in a Multi-Unit Firm

Hein Bogaard, Jan Svejnar

published in: Labour Economics, 2018, 54, 100 - 115

IZA Discussion Paper No. 7734

To Own or Not to Own? Household Portfolios, Demographics and Institutions in a Cross-National Perspective

Eva Sierminska, Karina Doorley

published in: Journal of Income Distribution, 2018, 25 (1), 1-43

IZA Discussion Paper No. 7688

Is Climbing Difficult? A Gendered Analysis on the Use of Financial Services in Ghana and South Africa

Samuel Annim, Thankom Gopinath Arun

IZA Discussion Paper No. 7653

The Wider Economic Impacts of High-Skilled Migrants: A Survey of the Literature

Max Nathan

published in: IZA Journal of Migration 2014, 3:4

IZA Discussion Paper No. 7544

Do SBA Loans Create Jobs?

J. David Brown, John S. Earle

IZA Discussion Paper No. 7479

Financial Liberalization and the Relationship-Specificity of Exports

Fabrice Defever, Jens Suedekum

published in: Economics Letters, 2014, 122 (3), 375-379

IZA Discussion Paper No. 7439

Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Manuela Angelucci, Dean Karlan, Jonathan Zinman

substantially revised version published as "Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco" in: American Economic Journal: Applied Economics, 2015, 7 (1), 151-182

IZA Discussion Paper No. 7272

Investment Crowding-Out and Labor Market Effects of Financialization in the U.S.

Ignacio González, Hector Sala

published in: Scottish Journal of Political Economy, 2014, 61 (5), 589-613

IZA Discussion Paper No. 7251

Social Learning and Health Insurance Enrollment: Evidence from China's New Cooperative Medical Scheme

Hong Liu, Qi Sun, Zhong Zhao

published in: Journal of Economic Behavior and Organization, 2014, 97, 84–102

IZA Discussion Paper No. 7154

Framing Effects in an Employee Savings Scheme: A Non-Parametric Analysis

Peter Kooreman, Bertrand Melenberg, Henriëtte M. Prast, Nathanaël Vellekoop

IZA Discussion Paper No. 6920