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The Effect of Higher Credit Card Interest Rates on Borrowers’ Demand and Debt in the UK

Gyöngyi Lóránth
Borrowers categorized as subprime, or financially risky, are generally seen as heavily reliant on debt and, consequently, as vulnerable to interest rate increases. Researchers studied the effects of a credit card interest rate increase among low-income subprime borrowers in the UK to assess its...

Financial Aid and College Access in the Dominican Republic

Juan Ariel Jimenez
Sebastián Otero
Underprivileged students in the Dominican Republic face a series of barriers to access post-secondary education. Despite existing scholarship programs, application rates for financial aid offered by the government are extremely low, and poor and rural students are much less likely to apply for and...

Improving Preschool Quality in Colombia

Lina Cardona-Sosa
Sonya Krutikova
Marta Rubio-Codina
Researchers evaluated two approaches to improving the quality of Colombian preschools. Providing additional resources to preschools for materials and new staff did not benefit children’s development and, unintentionally, led teachers to reduce their involvement in classroom activities. However, the...