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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.

The Role of Information and Preferences in School Choices in Romania

Robert Ainsworth
Rajeev Dehejia
In this randomized evaluation in Romania, researchers compared the roles of preferences and information in households’ decision-making, with regard to high school selection. Results suggest that households provided with information on school quality tend to choose schools that have a greater...