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Papers and Proceedings of The Wber.j_29_S1_Cover_Wber.j_29_S1_Cover 11/07/15 9:22 AM Page 1 Volume 29 • Supplement • 2015 Volume PAPERS AND PROCEEDINGS OF THE THE WORLD BANK ANNUAL BANK CONFERENCE 1818 H Street, NW Washington, DC 20433, USA Public Disclosure Authorized ON World Wide Web: http://www.worldbank.org/ E-mail: [email protected] DEVELOPMENT ECONOMICS THE WORLD BANK ECONOMIC REVIEW ECONOMIC BANK WORLD THE Supplement to THE WORLD BANK ECONOMIC REVIEW 2014 Annual Bank Conference on Development Economics “The Role of Theory in Development Economics” June 2–3, 2014 Washington D.C. Public Disclosure Authorized Invited Papers When Should Governments Subsidize Health? The Case of Mass Deworming Amrita Ahuja, Sarah Baird, Joan Hamory Hicks, Michael Kremer, Edward Miguel, and Shawn Powers How Business Community Institutions Can Help Fight Corruption Avinash Dixit Why Haven’t Global Markets Reduced Inequality in Emerging Economies? Eric Maskin Financial Crises, Development, and Growth: A Long-term Perspective Carmen M. Reinhart and Vincent R. Reinhart Theories of Poverty Traps and Anti-Poverty Policies Public Disclosure Authorized Maitreesh Ghatak Shorter Papers on: Labor Contracts The Political Economy of Trade Policy Pages S1–S270 Pages Health Risks and Insurance Technology, Incentives, and Firms Causality and External Validity ISBN 978-0-19-876672-8 Behavioral Economics Migration Editors Kaushik Basu and Andrew Foster 9 780198 766728 Public Disclosure Authorized 2 Wber.j_29_S1_Cover_Wber.j_29_S1_Cover 11/07/15 9:22 AM Page 2 THE WORLD BANK ECONOMIC REVIEW editor Andrew Foster, Brown University co-editors Peter Lanjouw and Luis Servén, World Bank The editorial team would like to thank former editors Elisabeth Sadoulet and Alain de Janvry for overseeing the review process of the articles in this issue. assistant to the editor Marja Kuiper editorial board Harold H. Alderman, International Food Paul Glewwe, University of Minnesota, Policy Research Institute USA Chong-En Bai, Tsinghua University, China Jeremy Magruder, University of California, Pranab K. Bardhan, University of California, Berkeley, USA Berkeley, USA William F. Maloney, World Bank Kaushik Basu, World Bank David J. McKenzie, World Bank Thorsten Beck, Cass Business School, Jaime de Melo, University of Geneva, City University London, UK Switzerland Johannes van Biesebroeck, K.U. Leuven, Ugo Panizza, The Graduate Institute Belgium Geneva Maureen Cropper, University of Maryland, Nina Pavcnik, Dartmouth College, USA USA Vijayendra Rao, World Bank Asli Demirgüç-Kunt, World Bank Martin Ravallion, Georgetown University, Quy-Toan Do, World Bank USA Frédéric Docquier, Catholic University of Jaime Saavedra-Chanduvi, World Bank Louvain, Belgium Claudia Sepúlveda, World Bank Eliana La Ferrara, Università Bocconi, Italy Dominique Van De Walle, World Bank Francisco H. G. Ferreira, World Bank Christopher M. Woodruff, University of Augustin Kwasi Fosu, United Nations California, San Diego, USA University, WIDER, Finland The World Bank Economic Review is a professional journal used for the dissemination of research in development economics broadly relevant to the development profession and to the World Bank in pursuing its development mandate. It is directed to an international readership among economists and social scientists in government, business, international agencies, universities, and development research institutions. The Review seeks to provide the most current and best research in the field of quantita- tive development policy analysis, emphasizing policy relevance and operational aspects of economics, rather than primarily theoretical and methodological issues. Consistency with World Bank policy plays no role in the selection of articles. The Review is managed by one or two independent editors selected for their academic excellence in the field of development economics and policy. The editors are assisted by an editorial board composed in equal parts of scholars internal and external to the World Bank. World Bank staff and outside researchers are equally invited to submit their research papers to the Review. For more information, please visit the Web sites of the Economic Review at Oxford University Press at www.wber.oxfordjournals.org and at the World Bank at www.worldbank.org/research/journals. Instructions for authors wishing to submit articles are available online at www.wber.oxfordjournals.org. Please direct all editorial correspondence to the Editor at [email protected]. SUBSCRIPTIONS: A subscription to The World Bank Economic Review (ISSN 0258-6770) comprises 3 issues. Prices include postage; for subscribers outside the Americas, issues are sent air freight. Annual Subscription Rate (Volume 29, 3 Issues, 2015): Institutions—Print edition and site-wide online access: £205/ $309/E309, Print edition only: £188/$283/E283, Site-wide online access only: £158/$238/E237; Corporate—Print edition and site-wide online access: £308/$462/E462, Print edition only: £283/$423/E423, Site-wide online access only: £236/$354/E355; Personal—Print edition and individual online access: £49/$74/E74. US$ rate applies to US & Canada, EurosE applies to Europe, UK£ applies to UK and Rest of World. There may be other subscription rates available; for a complete listing, please visit www.wber.oxfordjournals.org/subscriptions. Readers with mailing addresses in non-OECD countries and in socialist economies in transition are eligible to receive complimentary subscriptions on request by writing to the UK address below. Full prepayment in the correct currency is required for all orders. Orders are regarded as firm, and payments are not refundable. 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