This paper examines the short-and long-run effects of a quasi-exogenous variation in fertility behavior due to a yearlong period of power rationing in Colombia in 1992. We show that power shortages caused a mini baby boom and that the increase in fertility was unplanned and persistent: the time in between births was reduced and overall lifetime fertility increased. We also present evidence suggesting that women who had a baby due to the outage found themselves in worse socioeconomic conditions 12 years later.
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This note checks the robustness of a surprising result in Dekel et al. (2007). The result states that strict Nash equilibria might cease to be evolutionary stable when agents are able to observe the opponent's preferences with a very low probability. This note shows that the result is driven by the assumption that there is no risk for the observed preferences to be mistaken. In particular, when a player may observe a signal correlated with the opponent's preferences, but the signal is noisy enough, all strict Nash equilibria are evolutionary stable.
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