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Researchers studied the effects of a credit card interest rate increase among low-income subprime borrowers in the UK to assess its impact on credit card demand, overall indebtedness, and borrowers’ ability to pay. They found that following the rate hike, subprime borrowers who appeared to be more...

As of 2016, an estimated 151.6 million children aged 5 to 17 were engaged in child labor globally. For low-income households, economic shocks such as expensive accidents or illness are important determinants of child labor, as parents might have to send children to work for additional income...

Researchers evaluated and compared the impact of two different job search assistance policies on employment outcomes for young job seekers in Addis Ababa. Helping youth signal their skills to employers improved their earnings and job duration four years later, especially for youth who would usually...

Mental health, well-being, and lasting economic outcomes are intimately connected, and in conflict-affected areas, entrepreneurs of small- and medium-sized enterprises (SME) experience chronic stress and poor mental health on a regular basis. Researchers evaluated the effects of supplementing a cash...

Researchers evaluated whether offering market vendors cash grants to pay off existing debt and financial training influenced future borrowing behavior. While market vendors were less likely to borrow and borrowed in smaller amounts in the short-term, most returned to debt within six weeks.

Researchers partnered with the Ugandan government to evaluate the impact of a public private partnership (PPP) program with low-cost private secondary schools on absorbing large increases in secondary school enrollment in Uganda. The PPP program led to both greater private school enrollment and...