Kaushik Basu

Cornell University - Department of Economics

C Marks Professor

414 Uris Hall

Ithaca, NY 14853-7601

United States

Harvard University - Harvard Institute of Economic Research

Department of Economics

200 Littauer Center

Cambridge, MA 02138

United States

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

World Bank

Chief Economist and Senior Vice President

1818 H Street NW

Washington, DC 20433

United States

SCHOLARLY PAPERS

61

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15,144

CITATIONS
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in Total Papers Citations

306

Scholarly Papers (61)

1.

Punctuality: A Cultural Trait as Equilibrium

MIT Department of Economics Working Paper No. 02-26
Number of pages: 20 Posted: 28 Jun 2002
Kaushik Basu and Jorgen W. Weibull
Cornell University - Department of Economics and Boston University - Department of Economics
Downloads 2,147 (5,851)
Citation 1

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Punctuality, coordination games, culture, norms

2.

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

World Bank Policy Research Working Paper No. 2027
Number of pages: 81 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 1,566 (9,950)
Citation 108

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3.

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

MIT Department of Economics Working Paper No. 02-11
Number of pages: 45 Posted: 19 Mar 2002
Kaushik Basu
Cornell University - Department of Economics
Downloads 1,465 (11,056)
Citation 3

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Sexual Harassment, occupational safety, discrimination, labor standards

4.

Child Labor and the Law: Notes on Possible Pathologies

Harvard Institute of Economic Research Discussion Paper No. 2052
Number of pages: 11 Posted: 07 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 767 (29,261)
Citation 3

Abstract:

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child labor, law, labor standards,India

5.

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 737 (30,945)
Citation 7

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6.

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

Harvard Institute of Economic Research Discussion Paper No. 2054
Number of pages: 44 Posted: 16 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 609 (39,968)
Citation 40

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

7.

Is Literacy Shared within Households? Theory and Evidence from Bangladesh

MIT Department of Economics Working Paper No. 01-44
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 445 (59,582)
Citation 8

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Household behavior, literacy, externalities, earnings, Bangladesh

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 431 (61,960)
Citation 2

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

9.

The Economics and Law of Rent Control

World Bank Policy Research Working Paper No. 1968
Number of pages: 41 Posted: 08 Dec 2004
Kaushik Basu and Patrick Munro Emerson
Cornell University - Department of Economics and Independent
Downloads 406 (66,597)
Citation 8

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10.

Efficiency Pricing, Tenancy Rent Control and Monopolistic Landlords

MIT Department of Economics Working Paper No. 01-40
Number of pages: 20 Posted: 16 Nov 2001
Kaushik Basu and Patrick Munro Emerson
Cornell University - Department of Economics and Independent
Downloads 390 (69,845)
Citation 4

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

11.

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

Harvard Institute of Economic Research Discussion Paper No. 2053
Number of pages: 30 Posted: 14 Dec 2004
Kaushik Basu
Cornell University - Department of Economics
Downloads 372 (73,793)
Citation 6

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12.

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 325 (86,204)

Abstract:

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

13.

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 294 (96,320)

Abstract:

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Education, teachers, culture, incentives

14.

The Intriguing Relation between Adult Minimum Wage and Child Labor

World Bank Policy Research Working Paper No. 2173
Number of pages: 19 Posted: 20 Apr 2016
Kaushik Basu
Cornell University - Department of Economics
Downloads 287 (98,879)
Citation 15

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minimum wage, child labour, unemployment

15.

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 University of New South Wales - School of Economics
Downloads 285 (99,660)

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Bank-firm interaction, foreign aid, international credit, welfare comparison

16.

Household Labor Supply, Unemployment, and Minimum Wage Legislation

World Bank Policy Research Working Paper No. 2049
Number of pages: 35 Posted: 20 Apr 2016
Columbia Business School - Finance and Economics, Georgetown University - Department of Economics and Cornell University - Department of Economics
Downloads 267 (106,735)
Citation 3

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17.

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 254 (112,410)

Abstract:

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

18.

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
Cornell University - Department of Economics, Georgetown University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 249 (114,752)
Citation 5

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added worker, labor supply, unemployment, minimum wage, efficiency wage

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 233 (122,710)

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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.

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 231 (123,779)
Citation 4

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Coercion, voluntary choice, contracts, markets, government intervention

21.

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

World Bank Policy Research Working Paper No. 2813
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 217 (131,613)
Citation 3

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22.

On Measuring Literacy

World Bank Policy Research Working Paper No. 1997
Number of pages: 42 Posted: 20 Apr 2016
Kaushik Basu and James E. Foster
Cornell University - Department of Economics and George Washington University
Downloads 211 (135,063)
Citation 21

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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 101 (248,845)
Citation 3

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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 92 (265,013)
Citation 3

Abstract:

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child labor, land-holding, education, labor markets

24.

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 190 (149,097)

Abstract:

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

25.

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 175 (160,552)
Citation 1

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Labor Laws, Retrenchment, Severance Pay, Employment

26.

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 168 (166,389)
Citation 1

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

27.

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 165 (169,057)
Citation 3

Abstract:

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labor laws, retrenchment, severance pay, unemployment

28.

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 162 (171,792)

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

29.

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 158 (175,444)

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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

30.

Aggregating Infinite Utility Streams with Inter-Generational Equity

MIT Department of Economics Working Paper No. 02-19
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 155 (178,269)
Citation 3

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

31.

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 147 (186,324)

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

32.

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 125 (212,063)

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

33.

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 113 (228,555)

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

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 109 (235,730)
Citation 2

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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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35.

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 107 (237,581)

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

36.

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 103 (243,905)

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

37.

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 99 (250,714)

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Economic Conditions and Volatility

38.

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 97 (254,080)
Citation 1

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social integration, poverty, participatory equity, community identity

39.

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 92 (263,010)

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

40.

Is Knowledge Shared within Households?

World Bank Policy Research Working Paper No. 2261
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 89 (268,519)
Citation 2

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41.

Interlinkage, Limited Liability, and Strategic Interaction

World Bank Policy Research Working Paper No. 2134
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 83 (280,280)
Citation 2

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interlinked contracts, limited liability, sequential moves

42.

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 76 (295,370)

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

43.

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, University of Sydney Business School, World Bank and World Bank
Downloads 72 (304,692)

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

44.

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 59 (337,897)

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

45.

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 56 (346,535)
Citation 1

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

46.

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 49 (368,204)
Citation 1

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47.

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 48 (371,446)

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48.

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 26 (458,912)

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

49.

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 18 (502,055)

Abstract:

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Peace & Peacekeeping

50.

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

Economic Journal, Vol. 116, No. 511, pp. 558-580, April 2006
Number of pages: 23 Posted: 08 May 2006
Kaushik Basu
Cornell University - Department of Economics
Downloads 14 (524,112)
Citation 39
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51.

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 (557,315)
Citation 6
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52.

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
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 (621,647)
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53.

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

Feature Issue, Vol. 125, Issue 586, pp. F115-F130, 2015
Number of pages: 16 Posted: 20 Aug 2015
Kaushik Basu and Joseph E. Stiglitz
Cornell University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 0 (621,647)
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54.

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

55.

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

Abstract:

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56.

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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57.

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

58.

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

Cornell International Law Journal, Vol. 34, No. 3, Pp. 487-500
Posted: 14 Apr 2002
Kaushik Basu
Cornell University - Department of Economics

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59.

The Intriguing Relation between Adult Minimum Wage and Child Labour

The Economic Journal, Vol. 110, Issue 462, March 2000
Posted: 13 Nov 2000
Kaushik Basu
Cornell University - Department of Economics

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60.

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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61.

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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