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BEGIN:VEVENT
DTSTAMP:20260428T033341Z
DTSTART;VALUE=DATE-TIME:20260224T141500
DTEND;VALUE=DATE-TIME:20260224T153000
SUMMARY:Applied & Development Economics Seminar - Jonathan Weigel (UC Ber
 keley)
TZID:Europe/London
UID:20260224-8ac672c49874bf1a019875488ddc041e@warwick.ac.uk
CREATED:20260220T083951Z
DESCRIPTION:Title: How Market Access Shapes Wellbeing and Values: Experim
 ental Evidence from the D.R. Congo Abstract: Classical liberals argue th
 at the expansion of market access promoted prosociality\, hard work\, an
 d thrift\, while according to more critical schools of thought\, mar- ke
 ts ushered in a more self-interested\, secular\, and unsatisfied homo ec
 onomicus. We examine these ideas in a field experiment involving 4\,200 
 individuals across 300 Congolese villages that provided free motorcycle 
 transportation to the largest urban market in the province one day per w
 eek for six months. Market access increased household income by 16% nine
  months after the intervention by fa- cilitating enduring connections to
  urban traders and stimulating trade in cash crops. However\, it eroded 
 subjective wellbeing on average and made participants feel further away 
 from their desired income\, likely by generating within-village inequali
 ty and altering the reference points of market “losers.” Market access a
 lso had a secularizing effect: participants viewed religious faith as a 
 less important value and a weaker determinant of success in life. Instea
 d\, they believed more in their own agency and in the value of hard work
 \, productivity\, education\, in- come\, and saving. An urban placebo tr
 eatment arm helps attribute these effects to market access\, separate fr
 om exposure to the city and urban social networks more generally.
LOCATION:S2.79
CATEGORIES:Applied & Development Economics Seminar
LAST-MODIFIED:20260220T083951Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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