JONATHAN H. CONNING October 2008

Department of Economics Hunter College and The Graduate Center City University of New York 695 Park Avenue, New York, NY 10021 Phone: 212-772-5403 Email: [email protected] URL: urban.hunter.cuny.edu/~conning/

Education Yale University, New Haven, CT Ph.D. in Economics, 1996. Dissertation: "Financial Contracting and Intermediary Structures in a Rural Credit Market in Chile." Advisors: Bengt Holmstrom, T.N. Srinivasan, R.E. Evenson. Swarthmore College, Swarthmore, PA Bachelors of Arts in Economics (with High Honors), 1986.

Current Position and Affiliations Associate Professor with tenure, Department of Economics Hunter College, City University of New York (Fall 2007-present) Doctoral Faculty, Ph.D. Program in Economics (2002-present) The Graduate Center, City University of New York

Previous Professional Experience Assistant Professor, Hunter College, Department of Economics, (2002–Fall 2007) Acting Deputy Chair, Department of Economics, Hunter College. Spring 2007 Visiting Adjunct Associate Professor, Columbia University, Spring 2008 Profesor Visitante, Centro de Economía Aplicada, Departamento de Ingeniería Industrial, Universidad de Chile, Santiago. Fall 2007 Visiting Scholar, Institute for Social and Economic Research (ISER), Osaka Japan, June-July 2007. Assistant Professor, Williams College, Department of Economics, 1996–2002. Visiting Scholar, Boston University, Institute for Economic Development, Fall 2000. Visiting Fellow, Economic Growth Center, Yale University, Fall 1999–Summer 2000. Associated Researcher, Rural Finance Program, The Ohio State University, 1998–present. Visiting Assistant Professor, Summer 1998. Research Fellow, Université de Montréal, C.R.D.E., Department of Economics, 1995–1996.

Research Grants and Fellowships Fulbright Scholar Research and Lecturing Award (August -December 2007) University of Chile, Centro de Economía Aplicada, Departamento de Ingeniería Industrial, Santiago. Research Project: “Market Mechanisms for Social Goals: How far can Chile push the market?” PSC-CUNY Research Grant “Auctions for Credit Guarantees in Chile,” 2007–2008

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Ford Foundation Grant, Economic Development Unit, “Foundations of Social Investment,” (with Jonathan Morduch of New York University), 2005. PSC-CUNY Research Grant “Land, Labor and Property Rights in the Americas,” 2005–2006. Center for Philanthropy and Civil Society, CUNY, Faculty Fellow Award, 2004–05. USAID Project BASIS (Broadening Access and Strengthening Input Market Systems) Competitive Research Grant Award, for “Rural Households' Land and Labor Market Participation Strategies in El Salvador in the 1990's,” October 1999–December 2001. Mellon Course Development Grant, Williams College, Spring 1999. To develop instructional technology for a course on Game Theory and Information Robert Schalkenbach Foundation Research Grant, “Land and credit markets in rural Chile,” Summer 1997 Research Fellowship, Université de Montréal, C.R.D.E., Department of Economics, 1995–1996. Project on Institutional Reform and the Informal Sector Center (at the University of Maryland), Fieldwork Research Grant, “Financial Contracting and Intermediary Structures in Rural Chile,” 1993–1995. Yale Agrarian Studies Research Travel Grant, 1993. Mellon Fellow in Agrarian Studies (tuition and stipend), Institution for Social Policy Studies, Yale University, 1992–1993. Powell Teaching Prize in Economics, Yale University, 1992. Yale Fellowship 1991–1992.

Published or forthcoming Academic Papers “Enclaves and Development: an empirical assessment” (with James A. Robinson) Studies in Comparative International Development, forthcoming. “Rural Financial Markets in Developing Countries.” (with Chris Udry). in Handbook of Agricultural Economics, Volume 3, R.E. Evenson, Schultz, T.P. and P. Pingali (editors), Elsevier - North Holland, 2007. “Property Rights and the Political Organization of Agriculture.” (with James A. Robinson). Journal of Development Economics, 82, 416-447, 2007. “Freedom, Servitude and Voluntary Contract.” (with Michael Kevane) in K.A. Appiah and M. Bunzl The Ethics and Economics of Slave Redemption, Princeton: Princeton University Press, 2007. “Why isn’t there more financial intermediation in developing countries?” (with Michael Kevane). in Insurance against Poverty edited by S. Dercon, Oxford University Press, 2004. “Lending Technologies, Competition, and Consolidation in the Market for Microfinance in Bolivia,” in (with Sergio Navajas and Claudio Gonzalez-Vega). Journal of International Development, 15(6), 747– 770, 2003. “Community Based Targeting Mechanisms for Social Safety Nets: A critical review.” (with Michael Kevane). World Development, 30(3), 2002. “Outreach, Sustainability and Leverage in Monitored and Peer Monitored Loans.” Journal of Development Economics, 60(1), 1999. “Prêt de groupe, aléa moral et création d'une garantie sociale.” Revue d'Économie du Développement 10(2), 65-101, 1997.

Book Reviews Book Review of Internet Economics by Lee McKnight and Joseph Bailey (eds.), in Journal of Regional Science, 38(3), 1998.

Refereed Papers Accepted or under Revision1 “Monitoring by Peers or by Delegates? Joint Liability Loans under Moral Hazard.” Revisions requested by the Economic Journal. “Enclaves and Development: An Empirical Assessment” (with James A. Robinson). Revisions requested by Studies in Comparative International Development “Managing Economic Insecurity in El Salvador: Asset ownership and household labor market adjustment.” (with Pedro Olinto and Alvaro Trigueros). Revisions requested by the World Bank Economic Review. ‘Ventas Piratas:’ Product market competition and the depth of lending relationships: rural credit in Chile following trade liberalization.” Revisions requested by the Journal of Agricultural & Food Industrial Organization. Book Review of Market Institutions in Sub-Saharan Africa: Theory and Evidence by M. Fafchamps (requested by Journal of Economic Literature)

Manuscripts and Working Papers “Social Finance” (with Jonathan Morduch) “Impact Evaluation for Land Property Rights Reforms” (with Partha Deb). Published as document No.8 in the Doing Impact Evaluation” series put out by the World Bank’s Thematic Group on Poverty Analysis, Monitoring and Impact Evaluation. “On the Causes of Slavery or Serfdom and the Roads to Agrarian Capitalism: Domar's Hypothesis Revisited” “Latifundia Economics” “Mixing and Matching Loans: An empirical analysis of credit rationing and Spillovers in a Rural Credit Market in Chile," Project IRIS working paper # 164, University of Maryland. August 2001. “Asset Inequality, Education and Redistribution.” (with James A. Robinson). January 2002. “Staff Incentives for Microfinance Organizations in Low-Income Countries: A Review of Theory and Evidence.” (with Gabriel Fuentes and Michael Kevane). March 2000. “Class Position and Economic Behavior: Selective Separability in a two factor household model.” (with Jean-Louis Arcand). July 1999.

Research Designs and Other Policy Documents “Design of an Impact Evaluation study of Tanzania’s Village Lands Certification,” presented to World Bank Research Group, May 2006. Currently under implementation. “Design of an Impact Evaluation of study of Tanzania’s program to register house plots in urban unplanned settlements,” World Bank Research Group, May 2006. Currently under implementation.

1 Research papers and manuscripts available at: http://econ.hunter.cuny.edu/~conning/papers/ “Mecanismos de Selección para Redes de Seguridad Social Basados en la Comunidad,” (with Michael Kevane; Spanish translation of “Community Based Targeting Mechanisms for Social Safety Nets.”) Social Protection Unit, The World Bank, 2001. “Enterprise Finance in Kenya” (with Marcel Fafchamps, Tyler Biggs, and Pradeep Srivastava). The World Bank, Regional Program in Enterprise Development, 1994. “Socioeconomic Report on Venezuela 1992.” (with William R. Cline). Inter-American Development Bank, Washington D.C.

Additional Research and Professional Experience Research Consultant, The World Bank: ƒ Development Research Group, January 2006-present. Lead technical adviser on design of two large panel household surveys to assess impacts of pilot programs in Tanzanian land property rights reform programs. ƒ World Development Report 2008 Member of research team contributing to WDR 2008, chapter on finance and input markets. ƒ Poverty Reduction Group, 2005–2007 Lead workshop and wrote methodology note for Impact Evaluation of Land Reforms. ƒ Latin America and the Caribbean Division, February 2000–July 2000. Background paper for Ferreira et al. book Securing our Future in a Global Economy. ƒ Human Development and Social Protection Division, June 1999–October 2000. Paper and workshop on Community Based Targeting Mechanisms. ƒ Regional Program on Enterprise Development, September 1993–June 1994. Field survey and report on informal enterprise finance in Kenya. Research Consultant, The Inter-American Development Bank, May–December 1991. ƒ Co-author (with William R. Cline) of 1992 Socioeconomic Report on Venezuela. Research Assistant, Institute for International Economics, Washington, DC. 1986–1989, Summer 1990. ƒ Assistant to William R. Cline on books on Latin American debt crisis and debt restructuring.

Professional Service Journal Article referee for: American Economic Review, American Journal of Agricultural Economics, Canadian Journal of Economics, Economic Development and Cultural Change, Economic Journal, Economics Bulletin, Economics of Transition, IFPRI Research Reports, Journal of African Economies, Journal of Comparative Economics, Journal of Development Economics, Journal of Financial Intermediation, Journal of Political Economy, MIT Press Books, Public Choice, Oxford Economic Papers, Review of Development Economics, Review of Economic Studies, World Development. Grants and fellowships referee for: National Science Foundation, SSRC Grant Program, Fulbright Foundation Chile, FONDECYT Chile, World Bank Research Grants, Global Development Network (GDN), PSC CUNY Research Program, CUNY Center for Philanthropy and Civil Society. Memberships: Econometric Society, American Economic Association, Latin American and Carribbean Economics Association, Royal Economic Society, Sociedad de Economistas de Chile.

Languages: Native-level fluency in spoken and written Spanish. Some French.

Teaching Experience Hunter College and The Graduate Center: Econ 730: Development (MA), Econ 330: Development Economics., Econ 740: International Trade: Theory and Policy, Econ 701: Microeconomic Theory (MA), Econ 340: International Trade: Theory and Policy, Econ 100: Introduction to Economics. Faculty adviser to one Ph.D. and eighteen MA theses since 2002 (two Horniker Prize thesis awardees) Columbia University: Advanced Economic Development (Masters, International Affairs) Universidad de Chile: Topicos en Desarollo Economico (Masters and Ph.D. students) Williams College: Econ 507: Trade and Development; Econ 404: Honors Thesis Seminar; Poec 401: The Politics of the International Economy; Econ 385: Game Theory and Information; Econ 370: Advanced Economic Theory; Econ 253: Empirical Economic Methods; Econ 226: Latin America’s Economies; Econ 101: Introduction to Economics; Econ 010: Microfinance (winter course). Service at Hunter College: College Curriculum Committee, Faculty Senate, Latin American and Caribbean Studies Advisory Committee. Graduate Curriculum Committee, Economics seminar organizer.

Talks and Presentations

Invited Talks and Seminar Presentations University of Ottawa, Department of Economics, May 2008 Universidad de Viña del Mar, Escuela de Negocios, November 2007 University of Chile, Centro de Economia Aplicada, October 2007 Academia Diplomática de Chile, August 2007 Tokyo University, Department of Economics, July 2007 Osaka University, Institute for Social and Economic Research ISER, July 2007 George Washington University, Microfinance mini-conference, April 2007 University of Namur, Belgium, March 2007 Università di Roma "Tor Vergata”Rome, December 2006 The World Bank, Land Policy and Legal Empowerment of the Poor, November 2006 The World Bank, Poverty Reduction Group, November 2005. Groningen University, The Netherlands, July 2005. Fordham University, IPED Program Seminar, December 2004. Yale University, Department of Economics, Trade & Development Seminar, November 2004. Harvard University, Faculty Political Economy Discussion Group, June 2005, September 2004. (two of my papers chosen; I did not deliver talks) Facultés Universitaires Notre-Dame de la Paix, Namur, Belgium, 2004. City University of New York, Graduate Center, Economics Seminar, 2003. University of California, Riverside, Department Seminar, 2002. University of Southern California, Department Seminar, 2002. University of Hawaii at Manoa, Department Seminar, 2002. Hunter College, Department Seminar, 2002, 2007. University of California at Davis, Development Seminar, 2002. Queens College, CUNY, Department Seminar, 2001. The World Bank, ABCDE Conference invited presentation, 2001. The World Bank, Household Economics and Rural Development seminar, 2000. London School of Economics, Development and Growth Seminar, 2000. Katholieke Universiteit Leuven, Department of Economics, Belgium, 2000. European Center for Advanced Research in Economics (ECARES), Belgium, 2000. Facultés universitaires Notre-Dame de la Paix, Namur, Belgium, 2000. Boston University, Development workshop seminar, 2000. Yale University, Game Theory workshop seminar, 2000. The World Bank, workshop leader, Human Development & Social Protection Unit, 2000. Williams College, Department of Mathematics, 1998. Universidad de Chile, Centro de Economia Aplicada, 1997. Universidad de la Frontera, Instituto de Estudios Indígenas, Temuco, Chile, 1997. Yale University, Trade and Development Workshop, 1997 Conference presentations Brown University, Fernando H. Cardoso Conference (invited), April 2008 Sociedad de Economia de Chile, Reñaca Conference, September 2007 "Tor Vergata" Conference on Banking and Finance (invited), Rome Italy, December 2006 Econometrics Society, London August 2005 New York University, Mini-Conference on Microfinance (invited), April 2005. European University Institute, Finance & Consumption Conference, invited, 2004 Northeast Universities Development Conference 2003 (Yale), 2001 (Boston University), 2000 (Cornell), 1999 (Harvard), 1997 (Williams). Latin American and Caribbean Economic Association Conference, 2004, 1999, 1998. Eastern Economic Association, New York City, 2003. Conference for Handbook of Agricultural Economics, invited, Bretton Woods, 2002 American Economic Association Meetings, Atlanta, 2002 New England Council of Latin American Studies Conference, 2001, 2000, 1996. INRA-IDEI Conference on Industrial Organization, Toulouse, 2000. Seminar on New Development Finance, Goethe University, Frankfurt, 1999. International Agricultural Economic Association Meetings, 1997. ASSA Meetings, Middle Eastern Economic Association, 1997. Western Economic Association, 1996. Williams College, Department of Economics seminars, 2001, 1998, 1997. Development Microeconomics Conference, organized by Programme d'analyses et de recherches économiques appliquées au développement, Val Morin, Quebec, 1996. Panel presentations Columbia University (Panel on “Subsidy and Sustainability in Microfinance”), 2005 CERGE-EI, Prague, GDN conference discussant, August 2005 Harvard University (Conference on Colombian Economic History), June 2005. The Graduate Center, CUNY, Bildner Center for Western Hemisphere Studies, March 2005. Regional Workshop on Land Issues in Latin America and the Caribbean, Pachuca, Mexico, May 2002. Cliometrics Conference invitee, 2001. Northeast Universities Development Conference, 2003, 2001, 1998, 1997. The World Bank, Annual Bank Conference on Development Economics, 2000. Yale University Conference on ‘The World Economy in the Twenty First Century,’ 1999. American Economic Association Meetings, 1999. Yale University, festschrift Conference in honor of Professor T.N. Srinivasan, 1999. New England Council of Latin American Studies Conference, 1997, 1996.