Leora Klapper

The World Bank, USA

IZA World of Labor role


Current position

Lead Economist, The World Bank, USA

Research interest

Consumer and household finance, behavioral economics, entrepreneurship, supply chain finance, financial institutions

Positions/functions as a policy advisor

Senior Economist, The World Bank (2002–2011); Economist, The World Bank (1998–2002)


PhD Financial Economics, Stern School of Business New York University, 1998

Selected publications

  • “Incentivizing calculated risk-taking: Evidence from an experiment with commercial bank loan officers.” Journal of Finance 70:2 (2015): 537–575 (with S. Cole and M. Kanz).

  • “New firm registration and the business cycle.” International Entrepreneurship and Management Journal 11:2 (2015): 287–306 (with I. Love and D. Randall).

  • “Bargaining power and trade credit.” Journal of Corporate Finance 41:5 (2014): 66–80 (with D. Fabbri).

  • “Measuring financial inclusion: Explaining variation across and within countries.” Brookings Papers on Economic Activity (2013) (with A. Demirguc-Kunt).

  • “Trade credit contracts.” Review of Financial Studies 25:3 (2012): 838–867 (with L. Laeven and R. Rajan).