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Understanding Borrowers' Decisions: Payday Loans in the United States

Researchers partnered with a large payday lender in Indiana to conduct an evaluation to better understand consumers’ decision-making. The results suggest that average borrowers can anticipate their probability of taking loans in the future. However, people focus too much on the present when making...

The impact of payments for ecosystem services on crop burning in India

Researchers are conducting a randomized evaluation to test the impact of a PES program that offers financial rewards to paddy farmers for reducing burning of crop residue (or “stubble”) on stubble burning in Punjab, India.

India’s Happiness Curriculum to Improve Youth Mental Health, Learning, and Development

Avinash Moorthy
Researchers are examining the impact of a socioemotional learning curriculum on student mental health, academic achievement, and other social outcomes.

Digital Credit Literacy Campaign in Malawi

Valentina Brailovskaya
Researchers conducted a randomized evaluation to test the impact of a financial literacy interactive voice response campaign on loan outcomes. The intervention boosted knowledge and slightly improved loan repayment, but it also raised loan demand, increasing the overall risk of default.