Andreas Madestam

Stockholm University
Department of Economics
SE-106 91 Stockholm
+46 (0)8 163867







Short Presentation

Prior to joining the department in 2012, Andreas Madestam was an Assistant Professor at the Department of Economics at Bocconi University and an affiliate of IGIER in Milan. Professor Madestam holds a M.S. in Economics from Lund University and a Ph.D. from the Stockholm School of Economics.

Research Interests

Research interests include economic development, finance, and political economy.

Curriculum Vitae

Most recent CV (132 Kb)


Forthcoming/Published Papers

Do Political Protests Matter? Evidence from the Tea Party Movement (1182 Kb) (with Daniel Shoag, Stan Veuger, and David Yanagizawa-Drott), forthcoming, Quarterly Journal of Economics

On-Line Appendix (1984 Kb)

Featured in Bloomberg Marginal Revolution


Working Papers

Children of the Pill:The Effect of Subsidizing Oral Contraceptives on Children’s Health and Wellbein (1109 Kb) (with Emilia Simeonova)

Featured in Dagens Medicin Dagens Nyheter

Gender Empowerment in 19th Century Sweden: Using Historical Trade Shocks to Assess the Effects... (237 Kb) (with Emilia Simeonova)

"Informal Finance: A Theory of Moneylenders" (335 Kb) Accept revise, Journal of Development Economics

Sex and Credit: Is there a Gender Bias in Lending? (966 Kb) (with Thorsten Beck and Patrick Behr)

Featured in Vox World Bank

Shaping the Nation: The Effect of Fourth of July on Political Preferences and Behavior in the US (1842 Kb) (with David Yanagizawa-Drott)

Featured in ABS News CBS News Fox News 1 Fox News 2 Fox News 3 MSNBC News Daily Mail Harvard Gazette Huffington Post Los Angeles Times San Francisco Chronicle Toronto Sun US News Washington Times

The Social Costs of a Credit Monopoly (173 Kb)

"Who Benefits from Free Education? Long-Term Evidence from a Policy Experiment in Cambodia" (with Maria Cheung and Jakob Svensson)

In progress

"A Theory of Prepayment" (with Rocco Macchiavello)

"A Theory of the Farm: Risk, Ownership Concentration, and Trust" (with Matthias Messner)

"Income, Women’s Wellbeing, and the Fertility Transition: Evidence from Trade Shocks in 19th Century Sweden" (with Emilia Simeonova)

"Market Demand and Default Risk in Microfinance: The Effect of the Financial Crisis on Firms' Repayment Behavior" (with Patrick Behr and Simon Sonnekalb)

"Too Much Pressure? Explaining the Increased Use of Individual Liability Lending Contracts in Microfinance" (with Giulio Morello)

"Workers of the World, Unite: The Economic Effects of Labor Day Demonstrations in Europe" (with David Yanagizawa-Drott)


Current teaching

  • Development Economics I and II, Stockholm University (Ph.D.)
  • Political Economics, Stockholm University (Master)

Previous teaching

  • Applied Contract Theory and Corporate Finance, Bocconi University (Ph.D.) Teacher ratings: 5.7/7 (2007); 6/7 (2008)
  • Development Policy, Bocconi University (Undergraduate) Teacher ratings: 86% (2009); 88% (2010); 87% (2011)
  • Microeconomics, Bocconi University (MBA) Teacher ratings: 8.07/9 (2007); 8.03/9 (2008)
  • Microeconomics, Bocconi University (Undergraduate) Teacher ratings: 81% (2007); 88% (2008); 84% (2010); 83% (2011)