News

Researchers provided payday borrowers in the United States information about the true costs of payday loans in order to find out whether they would respond by changing their demand for the product. Better informed individuals reduced their demand significantly, suggesting that getting consumers to...

Researchers ran a large randomized credit information training program that described the existence and workings of the bureau to the clients of this lender. The results indicate that the credit bureau generated large efficiency gains for the lender, and that these gains were augmented when...

Entrepreneurs in developing countries face a number of barriers to expanding their businesses and employing more workers, including limited access to credit and other financial services. In Colombia, researchers are investigating whether a regulatory reform that allows small and medium enterprises...

Researchers conducted a randomized evaluation to test the impact of text message reminders on rates of failure to appear in court (FTA) among people who are unhoused and housed in rural Shasta County, California. The reminders reduced FTA rates for the housed population, but did not impact FTA rates...

In Zambia, researchers examined the impact of access to seasonal credit on farming households’ consumption, labor allocation, and agricultural output. The results suggest that access to food and cash loans during the lean season increased agricultural output and consumption, decreased off-farm labor...

Researchers used survey data to evaluate short-term outcomes for Boston’s SYEP participants in 2015. They found that the program significantly improved participants’ community engagement and social skills, many job readiness skills, and some academic aspirations.