NBER Working Papers by Leonardo Bursztyn

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

Working Papers

May 2014A Revealed Preference Approach to the Elicitation of Political Attitudes: Experimental Evidence on Anti-Americanism in Pakistan
with Michael Callen, Bruno Ferman, Ali Hasanain, Noam Yuchtman: w20153
We develop an indirect, revealed preference method of eliciting attitudes and apply it in an experiment in Pakistan designed to understand the expression of anti-American views. Following the completion of a personality survey, we offer subjects a bonus payment for completing the survey. We find that around one-quarter of subjects forgo a 100 Rupee payment (roughly one-fifth of a day's wage) to avoid anonymously checking a box indicating gratitude toward the United States government for providing funds. We experimentally vary the identity of the funder, the payment size, and subjects' expectations of privacy, and find that rejection of the payment is responsive to all of these treatments. Rejection of the U.S. government bonus payment is an indirect measure of anti-American attitudes. This...
July 2012Understanding Peer Effects in Financial Decisions: Evidence from a Field Experiment
with Florian Ederer, Bruno Ferman, Noam Yuchtman: w18241
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately identify two channels of social influence in financial decisions, both widely studied theoretically. When someone purchases an asset, his peers may also want to purchase it, both because they learn from his choice ("social learning") and because his possession of the asset directly affects others' utility of owning the same asset ("social utility"). We find that both channels have statistically and economically significant effects on investment decisions. These results can help shed light on the mechanisms underlying herding behavior in financial markets.
October 2009The Environment and Directed Technical Change
with Daron Acemoglu, Philippe Aghion, David Hemous: w15451
This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed to improving the technology of machines in either sector. We characterize dynamic tax policies that achieve sustainable growth or maximize intertemporal welfare, as a function of the degree of substitutability between clean and dirty inputs, environmental and resource stocks, and cross-country technological spillovers. We show that: (i) in the case where the inputs are sufficiently substitutable, sustainable long-run growth can be achieved with temporary taxation of dirty innova...

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us