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 in 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 (128 Kb)


Published Papers

Do Political Protests Matter? Evidence from the Tea Party Movement (1182 Kb) , (with Daniel Shoag, Stan Veuger, and David Yanagizawa-Drott), Quarterly Journal of Economics, 2013, 128(4), 1633-1685

On-Line Appendix (1984 Kb)

Featured in Bloomberg #1 Bloomberg #2 Economist #1 Economist #2 Guardian #1 Guardian #2 Marginal Revolution Washington Post #1 Washington Post #2

Informal Finance: A Theory of Moneylenders (688 Kb) , Journal of Development Economics, 2014, 107, 157-174

Medical Abortion Provided by Nurse-Midwives or Physicians in a High Resource Setting (172 Kb) , (with Susanne Sjöström, Helena Kopp Kallner, Emilia Simeonova, and Kristina Gemzell-Danielsson), PLoS ONE, 2016, 11(6), 1-9

Sex and credit: Do gender interactions matter for credit market outcomes? (856 Kb) (with Thorsten Beck and Patrick Behr), Journal of Banking & Finance, 2018, 87, 380-396

Featured in Financial Times Adviser Vox World Bank


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 Jordemodern (246 Kb)

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

Loan Contract Structure and Adverse Selection: Survey Evidence from Uganda (808 Kb) (with Selim Gulesci, Miri Stryjan, and Christian Ahlin)

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? Evidence from a Policy Experiment in Cambodia (79 Kb) (with Maria Cheung, Mathias Iwanowsky, and Jakob Svensson)

In progress

Contractual Flexibility, Firm Growth, and Information Asymmetries in Credit Markets: Experimental Evidence from Bangladesh (with Marianna Battaglia and Selim Gulesci)

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

Inside the Production Function: the Effect of Financial Contracts on Growing Firms' Technology Use. Evidence from a Randomized Experiment in Uganda (with Selim Gulesci, Francesco Loiacono, and Miri Stryjan)

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

Surviving the Killing Fields: The cultural and political heritage of the Khmer Rouge (88 Kb) (with Mathias Iwanowsky)

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


Current teaching

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

Previous teaching

  • Applied Contract Theory and Corporate Finance, Bocconi University (Ph.D.)
  • Development Policy, Bocconi University (Undergraduate)
  • Microeconomics, Bocconi University (MBA)
  • Microeconomics, Bocconi University (Undergraduate)


Association of Swedish Development Economists - ASWEDE

ASWEDE promotes research in development economics through regular seminars, conferences, lectures, and discussions among development economists active in Sweden. Check in on ASWEDE for information on upcoming events.