About
I am an Associate Professor of Economics at the Oslo Business School, Oslo Metropolitan University (OsloMet). Prior to joining OsloMet, I obtained a PhD in Economics from the University of California, Berkeley, in 2017.
My main research interest is development economics. My work seeks to understand the challenges facing households and enterprises in low- and middle-income countries, and the policies and interventions that can help address them. I study these issues empirically using both experimental and quasi-experimental methods.
Much of my earlier research was conducted in India, where I carried out extensive fieldwork. In this context, I examined the effects of drought on rural households’ food consumption and nutrition, the impact of financial education on savings and other financial outcomes among low-income populations, and the consequences of early marriage for women’s political participation.
My current research focuses on the sustainable development of enterprises. I lead a project funded by the Research Council of Norway’s Early Career Researcher Grant that examines the effects of typhoons on local enterprise development. I also lead a project funded by the Norwegian Finance Market Fund that studies whether responsible investment practices encourage more sustainable corporate behavior.
For more information about my research and ongoing projects, please visit my website: https://www.ocf.berkeley.edu/~fcarpena/
Field of study
Development economics Microfinance Experimental economics Household finance
Research groups
Research projects
Ongoing research projects
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Can responsible investment induce sustainable corporate behavior? Evidence from the worlds largest equity investor
Can responsible investing help to achieve the UN Sustainable Development Goals?
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Silenced airwaves: Media as democratic infrastructure
What are the societal consequences when press freedom is lost?
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Typhoon Effects on Enterprises in the Philippines (TEMPEST)
This project aims to better understand the economic effects of typhoons.
Completed research projects
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Heterogeneous Investors and Asset Allocations
In this project, we study how Norwegian households respond to monetary policy changes.
Publications and research
Scientific publications
Brodeur, Abel; Mikola, Derek; Cook, Nikolai; Fiala, Lenka; Brailey, Thomas; Briggs, Ryan; Gendre, Alexandra de; Dupraz, Yannick; Gabani, Jacopo; Gauriot, Romain; Haddad, Joanne; Lima, Goncalo; Ankel-Peters, Jörg; Dreber, Anna; Campbell, Douglas; Kattan, Lamis; Fages, Diego Marino; Mierisch, Fabian; Sun, Pu; Wright, Taylor; Connolly, Marie; Guardia, Fernando Hoces de la; Johannesson, Magnus; Miguel, Edward; Vilhuber, Lars; Abarca, Alejandro; Acharya, Mahesh; Adjisse, Sossou Simplice; Akhtar, Ahwaz; Lizardi, Eduardo Alberto Ramirez; Albrecht, Sabina; Andersen, Synøve Nygaard; Andlib, Zubaria; Arrora, Falak; Ash, Thomas; Bacher, Etienne; Bachler, Sebastian; Bacon, Félix; Bagues, Manuel; Balogh, Timea; Batmanov, Alisher; Barschkett, Mara; Basdil, Barış Kaan; Baxa, Jaromír; Becker, Sascha O.; Beeder, Monica; Beland, Louis-Philippe; Bello, Abdel-Hamid; Markovits, Daniel Benenson; Benjamin, Grant; Bergeron, Thomas; Blimpo, Moussa P.; Binetti, Marco; Bonander, Carl; Bonneau, Joseph; Borbáth, Endre; Borgen, Nicolai T.; Borgen, Solveig Topstad; Borowsky, Jonathan; Brini, Elisa; Brown, Myriam; Brun, Martin; Bruns, Stephan; Buliskeria, Nino; Calef, Andrea; Cameron, Alistair; Campa, Pamela; Campos-Rodríguez, Santiago; Cantone, Giulio Giacomo;
Carpena, Fenella
; Carter, Perry Jess; Dower, Paul Castañeda; Castek, Ondrej; Caviglia-Harris, Jill; Strand, Gabriella Chauca; Chen, Shi; Chzhen, Sya In; Chung, Jong; Collins, Jason; Coppock, Alexander; Cordeau, Hugo; Couillard, Ben; Crechet, Jonathan; Crippa, Lorenzo; Cui, Jing; Czymara, Christian; Daarstad, Haley; Dao, Danh Chi; Dao, Daniel; Schmandt, Marco David; Linde, Astrid de; Melo, Lucas De; Deer, Lachlan; Vera, Micole De; Dimitrova, Velichka; Dollbaum, Jan Fabian; Dollbaum, Jan Matti; Donnelly, Michael; Huynh, Luu Duc Toan; Dumbalska, Tsvetomira; Duncan, Jamie; Duong, Kiet Tuan; Duprey, Thibaut; Dworschak, Christoph; Ellingsrud, Sigmund; Elminejad, Ali; Eissa, Yasmine; Erhart, Andrea; Etingin-Frati, Giulian; Fatemipour, Elaheh; Federice, Alexa; Feld, Jan; Fenig, Guidon; Firouzjaeiangalougah, Mojtaba; Fleisje, Erlend Magnussen; Fortier-Chouinard, Alexandre; Engel, Julia Francesca; Fréchet, Nadjim; Fortier, Reid; Fries, Tilman; Frith, Michael James; Galipeau, Thomas; Gallegos, Sebastian; Gangji, Areez; Gao, Xiaoying;
Garnache, Cloé
; Gáspár, Attila; Gavrilova-Zoutman, Evelina; Ghosh, Arijit; Gibney, Garreth; Gibson, Grant; Godager, Geir; Goff, Leonard; Gong, Da; González, Javier; Gretton, Jeremy D.; Griffa, Cristina; Grigoryeva, Idaliya; Grøtting, Maja Weemes; Guntermann, Eric; Guo, Jiaqi; Gugushvili, Alexi; Habibnia, Hooman; Häffner, Sonja; Hall, Jonathan D.; Hammar, Olle;
Kordt, Amund H.
; Hashimoto, Barry; Hartley, Jonathan S.; Hausladen, Carina I.; Havránek, Tomáš; He, Harry; Hepplewhite, Matthew; Herrera-Rodriguez, Mario; Heuer, Felix; Heyes, Anthony; Ho, Anson T. Y.; Holmes, Jonathan; Holzknecht, Armando; Hsu, Yu-Hsiang Dexter; Hu, Shiang-Hung; Huang, Yu-Shiuan; Huebener, Mathias; Huber, Christoph; Huynh, Kim P.; Irsova, Zuzana; Isler, Ozan; Jakobsson, Niklas; Jananji, Raphaël; Jayalath, Tharaka A.; Jetter, Michael; John, Jenny; Forshaw, Rachel Joy; Juan, Felipe; Kadriu, Valon; Karim, Sunny; Kelly, Edmund; Dang, Duy Khanh Hoang; Khushboo, Tazia; Kim, Jin; Kjellsson, Gustav;
Kjelsrud, Anders Grøn
; Kotsadam, Andreas; Korpershoek, Jori; Krashinsky, Lewis; Kundu, Suranjana; Kustov, Alexander; Lalayev, Nurlan; Langlois, Audrée; Laufer, Jill; Lee-Whiting, Blake; Leibing, Andreas; Lenz, Gabriel; Levin, Joel; Li, Peng; Li, Tongzhe; Lin, Yuchen; Listo, Ariel; Liu, Dan; Lu, Xuewen; Lukmanova, Elvina; Luscombe, Alex; Lusher, Lester R.; Lyu, Ke; Ma, Hai; Mäder, Nicolas; Makate, Clifton; Malmberg, Alice; Maitra, Adit; Mandas, Marco; Marcus, Jan; Margaryan, Shushanik; Márk, Lili; Martignano, Andres; Marsh, Abigail; Masetto, Isabella; McCanny, Anthony; McManus, Emma; McWay, Ryan; Metson, Lennard; Kinge, Jonas Minet; Mishra, Sumit; Mohnen, Myra; Moeller, Jakob; Montambeault, Rosalie; Montpetit, Sébastien; Morin, Louis-Philippe; Morris, Todd; Moser, Scott; Motoki, Fabio Yoshio Suguri; Muehlenbachs, Lucija; Musulan, Andreea; Musumeci, Marco; Nabin, Munirul; Nchare, Karim; Neubauer, Florian; Nguyen, Quan M. P.; Nguyen, Tuan; Nguyen-Tien, Viet; Niazi, Ali; Nikolaishvili, Giorgi; Nordstrom, Ardyn; Nüß, Patrick; Odermatt, Angela; Olson, Matt; Øien, Henning; Ölkers, Tim; Vert, Miquel Oliver i; Oral, Emre; Oswald, Christian; Ousman, Ali; Özak, Ömer; Pandey, Shubham; Pavlov, Alexandre; Pelli, Martino; Penheiro, Romeo; Park, RyuGyung; Martel, Eva Pérez; Petrovičová, Tereza; Phan, Linh; Prettyman, Alexa; Procházka, Jakub; Putri, Aqila; Quandt, Julian; Qiu, Kangyu; Nguyen, Loan Quynh Thi; Rahman, Andaleeb; Rea, Carson H.; Reiremo, Tore Adam; Renée, Laëtitia; Richardson, Joseph; Rivers, Nicholas; Rodrigues, Bruno; Roelofs, William; Roemer, Tobias; Røgeberg, Ole; Rose, Julian; Roskos-Ewoldsen, Andrew; Rosmer, Paul; Sabada, Barbara; Saberian, Soodeh; Salamanca, Nicolas; Sator, Georg; Scates, Daniel; Schlüter, Elmar; Sells, Cameron; Sen, Sharmi; Sethi, Ritika; Shcherbiak, Anna; Sogaolu, Moyosore; Soosalu, Matt; Sørensen, Erik Ø.; Sovani, Manali; Spencer, Noah; Staubli, Stefan; Stans, Renske; Stewart, Anya; Stips, Felix; Stockley, Kieran; Strobel, Stephenson; Struby, Ethan; Tang, John P.; Tanrisever, Idil; Yang, Thomas Tao; Tastan, Ipek; Tatić, Dejan; Tatlow, Benjamin; Seuyong, Féraud Tchuisseu; Thériault, Rémi; Thivierge, Vincent; Tian, Wenjie; Toma, Filip-Mihai; Totarelli, Maddalena; Tran, Van-Anh; Truong, Hung; Tsoy, Nikita; Tuzcuoglu, Kerem; Ubfal, Diego; Villalobos, Laura; Walterskirchen, Julian; Wang, Joseph Tao-yi; Wattal, Vasudha; Webb, Matthew D.; Weber, Bryan S.; Weisser, Reinhard; Weng, Wei-Chien; Westheide, Christian; White, Kimberly; Winter, Jacob; Wochner, Timo; Woerman, Matt; Wong, Jared; Woodard, Ritchie; Wroński, Marcin; Yazbeck, Myra; Yang, Gustav Chung; Yap, Luther; Yassin, Kareman; Ye, Hao; Yoon, Jin Young; Yurris, Chris; Zahra, Tahreen; Zaneva, Mirela; Zayat, Aline; Zhang, Jonathan; Zhao, Ziwei; Zhong, Yaolang
(2026).
Reproducibility and robustness of economics and political science research.
Nature.
Vol. 652.
https://doi.org/10.1038/s41586-026-10251-x
Carpena, Fenella Cordova
(2024).
Entertainment-Education for Better Health: Insights from a Field Experiment in India.
Journal of Development Studies.
https://doi.org/10.1080/00220388.2024.2312832
Carpena, Fenella
; Swinkels, Laurens;
Zhang, Dan
(2023).
The effects of COVID-19 policies on consumer spending in Norway.
Contemporary economic policy.
Vol. 42.
https://doi.org/10.1111/coep.12627
Carpena, Fenella
; Jensenius, Francesca Refsum
(2021).
Age of marriage and women’s political engagement: Evidence from india.
Journal of Politics.
Vol. 83.
https://doi.org/10.1086/712141
Carpena, Fenella
; Zia, Bilal
(2020).
The Causal Mechanism of Financial Education: Evidence from Mediation Analysis.
Journal of Economic Behavior and Organization.
Vol. 177.
https://doi.org/10.1016/j.jebo.2020.05.001
Carpena, Fenella
(2019).
How Do Droughts Impact Household Food Consumption and Nutritional Intake? A Study of Rural India.
World Development.
Vol. 122.
https://doi.org/10.1016/j.worlddev.2019.06.005
Carpena, Fenella
; Cole, Shawn; Shapiro, Jeremy; Zia, Bilal
(2017).
The ABCs of Financial Education: Experimental Evidence on Attitudes, Behavior, and Cognitive Biases.
Management science.
Vol. 65.
https://doi.org/10.1287/mnsc.2017.2819
Carpena, Fenella
; Cole, Shawn; Shapiro, Jeremy; Zia, Bilal
(2013).
Liability Structure in Small-scale Finance: Evidence from a Natural Experiment.
World Bank Economic Review.
https://doi.org/10.1093/wber/lhs031
Bruhn, Miriam;
Carpena, Fenella
; Zia, Bilal
(2012).
Microfinance for Entrepreneurs.
Cumming, Douglas (Ed.).
The Oxford Handbook of Entrepreneurial Finance.
Oxford University Press.
https://doi.org/10.1093/oxfordhb/9780195391244.013
