Kaushik Basu

Cornell University - Department of Economics

C Marks Professor

414 Uris Hall

Ithaca, NY 14853-7601

United States

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

Brookings Institution

1775 Massachusetts Ave, NW

Washington, DC 20036

United States

  • Cornell University - Department of Economics

    • Email
    • Tel: 607-255-2525
    • Fax: 607-255-2818

  • Brookings Institution

SCHOLARLY PAPERS

62

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88

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290

Scholarly Papers (62)

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1.

Punctuality: A Cultural Trait as Equilibrium

Number of pages: 20 Posted: 28 Jun 2002
Kaushik Basu and Jorgen W. Weibull
Cornell University - Department of Economics and Stockholm School of Economics - Department of Economics
Downloads 2,304 (7,547)
Citation 4

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Punctuality, coordination games, culture, norms

2.

Child Labor: Cause, Consequence, and Cure, with Remarks on International Labor Standards

Number of pages: 81 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 1,772 (11,571)
Citation 12

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3.

Sexual Harassment in the Workplace: An Economic Analysis with Implications for Worker Rights and Labor Standards Policy

Number of pages: 45 Posted: 19 Mar 2002
Kaushik Basu
Cornell University - Department of Economics
Downloads 1,596 (13,649)
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Sexual Harassment, occupational safety, discrimination, labor standards

4.

Social Norms and the Law

The New Palgrave Dictionary of Economics and the Law, (Peter Newman, ed.), May 1998
Number of pages: 16 Posted: 01 Dec 1997
Kaushik Basu
Cornell University - Department of Economics
Downloads 834 (35,638)
Citation 1

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5.

Child Labor and the Law: Notes on Possible Pathologies

Number of pages: 11 Posted: 07 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 812 (36,979)
Citation 2

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child labor, law, labor standards,India

6.

Gender and Say: A Model of Household Behavior with Endogenously-Determined Balance of Power

Number of pages: 44 Posted: 16 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 757 (40,742)
Citation 39

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Gender, Power, Household behavior, Female labor supply, Child labor

7.

The State of Economics, the State of the World

Downloads 634 ( 51,580)

The State of Economics, the State of the World

Number of pages: 17 Posted: 08 Nov 2019
Kaushik Basu
Cornell University - Department of Economics
Downloads 384 (94,304)

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economic thought, development, welfare, equilibrium, policymaking

The State of Economics, the State of the World

World Bank Policy Research Working Paper No. 7816
Number of pages: 19 Posted: 07 Oct 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 250 (150,158)

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Economic Policy, Institutions and Governance, Industrial Economics, Economic Theory & Research, Economic Growth

8.

Identity, Trust and Altruism: Sociological Clues to Economics Development

CAE Working Paper No. 06-05
Number of pages: 41 Posted: 11 Jan 2007
Kaushik Basu
Cornell University - Department of Economics
Downloads 527 (65,115)
Citation 4

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cooperation, trust, altruism, identity, development, Prisoner's Dilemma

9.

The Economics and Law of Rent Control

Number of pages: 41 Posted: 08 Dec 2004
Kaushik Basu and Patrick Munro Emerson
Cornell University - Department of Economics and Independent
Downloads 456 (77,875)

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10.

Is Literacy Shared within Households? Theory and Evidence from Bangladesh

Number of pages: 31 Posted: 15 Dec 2001
Kaushik Basu, Ambar Narayan and Martin Ravallion
Cornell University - Department of Economics, World Bank, Poverty Global Practice and Georgetown University
Downloads 456 (77,875)
Citation 6

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Household behavior, literacy, externalities, earnings, Bangladesh

11.

Efficiency Pricing, Tenancy Rent Control and Monopolistic Landlords

Number of pages: 20 Posted: 16 Nov 2001
Kaushik Basu and Patrick Munro Emerson
Cornell University - Department of Economics and Independent
Downloads 405 (89,457)
Citation 6

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Rent Control, Rent Regulation, Asymmetric Information, Adverse Selection, Monopoly.

12.

Consumer Cognition and Pricing in the 9's in Oligopolistic Markets

Number of pages: 30 Posted: 14 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 393 (92,570)
Citation 3

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13.

The Samaritan's Curse: The Challenge of Group Morality

Number of pages: 20 Posted: 03 Oct 2019
Kaushik Basu
Cornell University - Department of Economics
Downloads 381 (96,297)

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moral responsibility, paradox of morality, Samaritan’s Curse, Nash equilibria

14.

Shared Prosperity and the Mitigation of Poverty: In Practice and in Precept

World Bank Policy Research Working Paper No. 6700
Number of pages: 37 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 356 (103,686)

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Rural Poverty Reduction, Achieving Shared Growth, Services & Transfers to Poor, Economic Theory & Research, Inequality

15.

The Intriguing Relation between Adult Minimum Wage and Child Labor

Number of pages: 19 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 321 (116,244)

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minimum wage, child labour, unemployment

16.

Teacher Truancy in India: The Role of Culture, Norms and Economic Incentives

Number of pages: 17 Posted: 14 Jan 2007
Kaushik Basu
Cornell University - Department of Economics
Downloads 319 (117,018)
Citation 1

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Education, teachers, culture, incentives

17.

International Credit and Welfare: A Paradoxical Theorem and its Policy Implications

MIT Department of Economics Working Paper No. 02-18
Number of pages: 38 Posted: 02 Mar 2005
Kaushik Basu and Hodaka Morita
Cornell University - Department of Economics and Hitotsubashi University - Institute of Economic Research
Downloads 296 (126,680)
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Bank-firm interaction, foreign aid, international credit, welfare comparison

18.

Household Labor Supply, Unemployment, and Minimum Wage Legislation

Number of pages: 35 Posted: 20 Apr 2016
Joseph E. Stiglitz, Garance Genicot and Kaushik Basu
Columbia Business School - Finance and Economics, Georgetown University - Department of Economics and Cornell University - Department of Economics
Downloads 289 (129,953)

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19.

Ponzis: The Science and Mystique of a Class of Financial Frauds

World Bank Policy Research Working Paper No. 6967
Number of pages: 15 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 288 (130,423)

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National Governance, Non Bank Financial Institutions, Judicial System Reform, Social Funds and Pensions, Social Policy, Corruption and Anti-Corruption (Superceded), Legislation, Capital Markets and Capital Flows, Government Policies, Legal Products, Corruption & Anticorruption Law, Public Sector Economics, Public Finance Decentralization and Poverty Reduction, Youth and Governance, Legal Reform, Regulatory Regimes, Capital Flows

20.

How to Move the Exchange Rate If You Must: The Diverse Practice of Foreign Exchange Intervention by Central Banks and a Proposal for Doing it Better

World Bank Policy Research Working Paper No. 6460
Number of pages: 27 Posted: 20 Apr 2016
Kaushik Basu and Aristomene Varoudakis
Cornell University - Department of Economics and World Bank
Downloads 271 (138,927)

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Debt Markets, Emerging Markets, Currencies and Exchange Rates, Economic Stabilization, Economic Theory & Research

21.

Unemployment and Wage Rigidity When Labor Supply is a Household Decision

UC Irvine Economics Working Paper No. 00-01-11
Number of pages: 46 Posted: 04 Nov 2001
Kaushik Basu, Garance Genicot and Joseph E. Stiglitz
Cornell University - Department of Economics, Georgetown University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 269 (140,002)
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added worker, labor supply, unemployment, minimum wage, efficiency wage

22.

The Law and Economics of Markets with Digital Platforms

Cornell Legal Studies Research Paper No. 20-32
Number of pages: 66 Posted: 08 Apr 2020 Last Revised: 18 Jun 2020
Kaushik Basu, Aviv Caspi and Robert C. Hockett
Cornell University - Department of Economics, Cornell University - Department of Economics and Cornell University - Law School
Downloads 254 (148,926)

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Antitrust, Competition Law, Digital Economy, Digital Platforms, Platforms, Platform Economics, Platform Regulation

23.

Coercion, Contract and the Limits of the Market

CAE Working Paper No. 06-01
Number of pages: 32 Posted: 09 Nov 2006
Kaushik Basu
Cornell University - Department of Economics
Downloads 249 (151,342)
Citation 4

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Coercion, voluntary choice, contracts, markets, government intervention

24.

The Republic of Beliefs: A New Approach To?Law and Economics?

World Bank Policy Research Working Paper No. 7259
Number of pages: 54 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 242 (155,484)

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International Law, Judicial System Reform, Social Policy, Legislation, Legal Products, Regulatory Regimes, Legal Reform

25.

Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U

Downloads 237 (158,665)
Citation 26

Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U

IZA Discussion Paper No. 2736
Number of pages: 22 Posted: 26 Apr 2007
Kaushik Basu, Sanghamitra Das and Bhaskar Dutta
Cornell University - Department of Economics, Indian Statistical Institute and University of Warwick - Department of Economics
Downloads 139 (254,785)
Citation 7

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child labor, land-holding, education, labor markets

Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U

Number of pages: 21 Posted: 01 Mar 2007
Kaushik Basu, Sanghamitra Das and Bhaskar Dutta
Cornell University - Department of Economics, Indian Statistical Institute and University of Warwick - Department of Economics
Downloads 98 (328,188)
Citation 5

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child labor, land-holding, education, labor markets

26.

The Collective Model of the Household and an Unexpected Implication for Child Labor: Hypothesis and an Empirical Test

Number of pages: 26 Posted: 20 Apr 2016
Ranjan Ray and Kaushik Basu
Monash University - Department of Economics and Cornell University - Department of Economics
Downloads 235 (159,962)

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27.

On Measuring Literacy

Number of pages: 42 Posted: 20 Apr 2016
Kaushik Basu and James E. Foster
Cornell University - Department of Economics and George Washington University
Downloads 235 (159,962)
Citation 3

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28.

Markets and Manipulation: Time for a Paradigm Shift?

World Bank Policy Research Working Paper No. 7653
Number of pages: 30 Posted: 28 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 207 (180,461)
Citation 1

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Regulatory Regimes, Legislation, Social Policy, Judicial System Reform, Equity and Development, Legal Reform, Achieving Shared Growth, Pro-Poor Growth, National Governance, Government Policies, Public Finance Decentralization and Poverty Reduction, Legal Products, Public Sector Economics, Youth and Governance

29.

Asymmetric Punishment as an Instrument of Corruption Control

World Bank Policy Research Working Paper No. 6933
Number of pages: 21 Posted: 20 Apr 2016
Karna Basu, Kaushik Basu and Tito Cordella
CUNY Hunter College, Cornell University - Department of Economics and World Bank
Downloads 190 (195,126)
Citation 2

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Public Sector Corruption & Anticorruption Measures, Crime and Society, Corruption & Anticorruption Law, Social Accountability, Business Ethics, Leadership and Values

30.

The Method of Randomization and the Role of Reasoned Intuition

World Bank Policy Research Working Paper No. 6722
Number of pages: 32 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 186 (198,858)
Citation 3

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Population Policies, Knowledge for Development, Educational Sciences, Economic Theory & Research, Agricultural Knowledge and Information Systems

31.

Alternative Labor Retrenchment Laws and Their Effect on Wages and Employment: A Theoretical Investigation with Special Reference to Developing Countries

CAE Working Paper No. 00-11
Number of pages: 34 Posted: 02 Nov 2000
Kaushik Basu, Gary Fields and Shub Debgupta
Cornell University - Department of Economics, Cornell University - School of Industrial and Labor Relations and PricewaterhouseCoopers, LLP
Downloads 185 (199,848)

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Labor Laws, Retrenchment, Severance Pay, Employment

32.

Labor Retrenchment Laws and Their Effect on Wages and Employment: A Theoretical Investigation

IZA Discussion Paper No. 2742
Number of pages: 37 Posted: 26 Apr 2007
Kaushik Basu, Gary Fields and Shub Debgupta
Cornell University - Department of Economics, Cornell University - School of Industrial and Labor Relations and PricewaterhouseCoopers, LLP
Downloads 180 (204,646)

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labor laws, retrenchment, severance pay, unemployment

33.

Aggregating Infinite Utility Streams with Inter-Generational Equity

Number of pages: 24 Posted: 10 May 2002
Kaushik Basu and Tapan Mitra
Cornell University - Department of Economics and Cornell University - Department of Economics
Downloads 164 (221,658)
Citation 2

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aggregating utility, social welfare function, inter-generational equity, Pareto

34.

Globalization of Labor Markets and the Growth Prospects of Nations

World Bank Policy Research Working Paper No. 7590
Number of pages: 21 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 151 (237,461)
Citation 2

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Rural Labor Markets, Industrial Economics, Economic Growth, Economic Theory & Research, Labor Markets

35.

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

Downloads 141 (251,123)

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

IZA Working Paper No. 3381
Number of pages: 38 Posted: 23 May 2008
Kaushik Basu and Amanda J. Felkey
Cornell University - Department of Economics and Cornell University
Downloads 141 (251,914)

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unemployment, efficiency wage, minimum wage law, racial differences, South Africa

A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment

Oxford Economic Papers, Vol. 61, Issue 3, pp. 494-516, 2009
Posted: 04 Jul 2009
Kaushik Basu and Amanda J. Felkey
Cornell University - Department of Economics and Cornell University

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36.

Participatory Equity, Identity, and Productivity: Policy Implications for Promoting Development

CAE Working Paper No. 06-06
Number of pages: 34 Posted: 17 Jan 2007
Kaushik Basu
Cornell University - Department of Economics
Downloads 126 (273,704)
Citation 4

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social integration, poverty, participatory equity, community identity

37.

Too Small to Regulate

World Bank Policy Research Working Paper No. 6860
Number of pages: 17 Posted: 20 Apr 2016
Kaushik Basu and Avinash Dixit
Cornell University - Department of Economics and Princeton University - Department of Economics
Downloads 123 (278,662)
Citation 1

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Regulatory Regimes, Markets and Market Access, Water and Industry, Public Sector Corruption & Anticorruption Measures, Public Sector Regulation

38.

When Competition Corrupts: A Theoretical Analysis of Market Structure and the Incidence of Corruption

World Bank Policy Research Working Paper No. 6596
Number of pages: 10 Posted: 20 Apr 2016
Kaushik Basu, Tamara McGavock and Boyang Zhang
Cornell University - Department of Economics, Cornell University and Cornell University, Department of Economics, Students
Downloads 122 (280,340)

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Public Sector Corruption & Anticorruption Measures, Water and Industry, Markets and Market Access, Gender and Law, Microfinance

39.

International Lending, Sovereign Debt and Joint Liability: An Economic Theory Model for Amending the Treaty of Lisbon

World Bank Policy Research Working Paper No. 6555
Number of pages: 31 Posted: 20 Apr 2016
Joseph E. Stiglitz and Kaushik Basu
Columbia Business School - Finance and Economics and Cornell University - Department of Economics
Downloads 115 (292,324)

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Debt Markets, Access to Finance, Banks & Banking Reform, Bankruptcy and Resolution of Financial Distress, Economic Theory & Research

40.

From Tapering to Tightening: The Impact of the Fed's Exit on India

World Bank Policy Research Working Paper No. 7071
Number of pages: 47 Posted: 20 Apr 2016
Kaushik Basu, Barry Eichengreen and Poonam Gupta
Cornell University - Department of Economics, University of California, Berkeley and World Bank
Downloads 111 (299,642)

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Economic Conditions and Volatility

41.

The Art of Currency Manipulation: How to Profiteer by Deliberately Distorting Exchange Rates

World Bank Policy Research Working Paper No. 6608
Number of pages: 15 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 105 (311,337)

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Markets and Market Access, Emerging Markets, Debt Markets, Currencies and Exchange Rates, Economic Theory & Research

42.

Is Knowledge Shared within Households?

Number of pages: 26 Posted: 20 Apr 2016
Martin Ravallion, Kaushik Basu and Ambar Narayan
Georgetown University, Cornell University - Department of Economics and World Bank, Poverty Global Practice
Downloads 95 (332,363)

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43.

Fiscal Policy as an Instrument of Investment and Growth

World Bank Policy Research Working Paper No. 6850
Number of pages: 19 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 91 (341,564)

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Debt Markets, Access to Finance, Emerging Markets, Bankruptcy and Resolution of Financial Distress, Non Bank Financial Institutions

44.

Interlinkage, Limited Liability, and Strategic Interaction

Number of pages: 37 Posted: 20 Apr 2016
Kaushik Basu, Clive Bell and Pinaki Bose
Cornell University - Department of Economics, University of Heidelberg - South Asia Institute (SAI) and University of Memphis - Fogelman College of Business and Economics
Downloads 91 (341,564)

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interlinked contracts, limited liability, sequential moves

45.

Discrimination as a Coordination Device: Markets and the Emergence of Identity

World Bank Policy Research Working Paper No. 7490
Number of pages: 24 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 80 (369,344)

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Labor Markets, Employment and Shared Growth, Achieving Shared Growth, Equity and Development, Rural Labor Markets, Pro-Poor Growth

46.

Sovereign Ratings in the Post-Crisis World: An Analysis of Actual, Shadow and Relative Risk Ratings

World Bank Policy Research Working Paper No. 6641
Number of pages: 29 Posted: 20 Apr 2016
Kaushik Basu, Supriyo De, Dilip Ratha and Hans Timmer
Cornell University - Department of Economics, World Bank, World Bank and World Bank
Downloads 78 (374,838)

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Debt Markets, Emerging Markets, Banks & Banking Reform, Economic Theory & Research, Currencies and Exchange Rates

47.

Experiments with the Traveler's Dilemma: Welfare, Strategic Choice and Implicit Collusion

CEIS Working Paper No. 188
Number of pages: 32 Posted: 24 Mar 2011
Kaushik Basu, Leonardo Becchetti and Luca Stanca
Cornell University - Department of Economics, University of Rome Tor Vergata - Faculty of Economics and University of Milan, Bicocca - Department of Economics
Downloads 68 (404,307)
Citation 2

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48.

Literacy Traps: Society-Wide Education and Individual Skill Premia

IZA Discussion Paper No. 4047
Number of pages: 19 Posted: 17 Mar 2009
Vidya Atal, Kaushik Basu, John Gray and Travis Lee
Montclair State University - Feliciano School of Business, Cornell University - Department of Economics, Cornell University and Cornell University
Downloads 61 (427,428)

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education, literacy, O-ring, skill formation, traps

49.

The Globe and the Circle: Geometry and Economic Geography as Tribute to Thales and Nash

World Bank Policy Research Working Paper No. 7819
Number of pages: 12 Posted: 07 Oct 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 57 (441,784)

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50.

Nash Equilibria of Games When Players'Preferences are Quasi-Transitive

World Bank Policy Research Working Paper No. 7037
Number of pages: 12 Posted: 20 Apr 2016
Kaushik Basu and Prasanta K. Pattanaik
Cornell University - Department of Economics and University of California, Riverside (UCR) - Department of Economics
Downloads 39 (516,256)

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Education for Development (superceded), Education For All, Educational Populations

51.

Nash on a Rotary: Two Theorems with Implications for Electoral Politics

World Bank Policy Research Working Paper No. 7701
Number of pages: 31 Posted: 19 Jul 2016
Kaushik Basu and Tapan Mitra
Cornell University - Department of Economics and Cornell University - Department of Economics
Downloads 25 (593,640)

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Peace & Peacekeeping

52.

Consumer Cognition and Pricing in the Nines in Oligopolistic Markets

Journal of Economics & Management Strategy, Vol. 15, No. 1, pp. 125-141, March 2006
Number of pages: 17 Posted: 13 Apr 2006
Kaushik Basu
Cornell University - Department of Economics
Downloads 8 (716,376)
Citation 2
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53.

The Dinosaur Risk: A Fable of Civilizational Collapse

Posted: 27 Dec 2019
Kaushik Basu
Cornell University - Department of Economics

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dinosaur risk, climate change, civilizational risk, Nash equilibrium, pollution tax

54.

Regulation, Minimum Wage and Informality: Introduction to Symposium

Review of Development Economics, Vol. 21, Issue 4, pp. 935-938, 2017
Number of pages: 4 Posted: 13 Nov 2017
Kaushik Basu, Stefan Dercon, Ravi Kanbur and Jan Svejnar
Cornell University - Department of Economics, University of Oxford - Department of Economics, Cornell University and School of International and Public Affairs, Columbia University, NY, USA
Downloads 0 (793,820)
Citation 1
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55.

The Rise of the Indian Economy: Fiscal, Monetary and Other Policy Challenges

Rivista Italiana degli Economisti, Vol. 2, August 2012
Posted: 01 Aug 2012
Kaushik Basu
Cornell University - Department of Economics

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Indian economic development, exchange rate intervention, fiscal policy, infrastructure, monetary policy

56.

The Economics of Child Labor: Reply

American Economic Review, Vol. 89, No. 5, 1999
Posted: 21 Dec 2008
Kaushik Basu and Van H. Pham
Cornell University - Department of Economics and Baylor University - Department of Economics

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57.

The Economics of Child Labor

American Economic Review, Vol. 88, No. 3, 1998
Posted: 21 Dec 2008
Kaushik Basu and Van H. Pham
Cornell University - Department of Economics and Baylor University - Department of Economics

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58.

Vulnerability, Unemployment and Poverty: A New Class of Measures, its Axiomatic Properties and Applications

BREAD Working Paper No. 069
Posted: 15 Apr 2005
Kaushik Basu and Patrick James Nolen
Cornell University - Department of Economics and Cornell University - Department of Economics

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Vulnerability, unemployment, poverty, welfare

59.

Compacts, Conventions and Codes: Initiatives for Higher International Labor Standards

Posted: 14 Apr 2002
Kaushik Basu
Cornell University - Department of Economics

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60.

The Intriguing Relation between Adult Minimum Wage and Child Labour

Posted: 13 Nov 2000
Kaushik Basu
Cornell University - Department of Economics

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61.

The Role of Norms and Law in Economics: An Essay on Political Economy

Working Paper #461
Posted: 21 May 1998
Kaushik Basu
Cornell University - Department of Economics

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62.

The Babu and the Boxwallah: Managerial Incentives and Government Intervention in a Developing Economy

REVIEW OF DEVELOPMENT ECONOMICS, October 21, 1996
Posted: 15 Jan 1997
Kaushik Basu, Arghya Ghosh and Tridip Ray
Cornell University - Department of Economics, UNSW Australia Business School, School of Economics and Indian Statistical Institute, New Delhi - Delhi Centre

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