Depression for Economists
---- Acknowledgements ----
We thank Jim Reisinger, John Kramer and Benedetta Lerva for excellent research assistance, and Rachid Laajaj, Yves Le Yaouanq, Gautam Rao, Frank Schilbach, Heather Schofield, Bruce Wydick and seminar participants at the NBER Economics of Asset Accumulation and Poverty Traps conference for helpful comments. de Quidt acknowledges support from Handelsbanken’s Research Foundation, grant no: B2014-0460:1. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.