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Researchers sought to understand different types of information asymmetries and how they relate to loan default rates in South Africa. Borrowers given high interest rates had a greater incentive to default as it was more costly to repay the loan, but there was little evidence that borrowers...

Firms in low- and middle-income countries tend to hire mainly from referral networks, which may limit hiring. Online job portals can expand recruitment networks, but firms may be hesitant to hire unfamiliar candidates outside of their network. Researchers partnered with an online job portal in India...

Re searchers used a randomized evaluation to measure the impact of providing mobile calling credits to low-income adults on well-being outcomes in Ghana. Overall, the mobile credit intervention increased the ability for individuals to meet unexpected communication needs, particularly when delivered...

Voters in Benin had a preference for clientelist political platforms, but certain subsets of voters such as women, consumers of mass media, and members of social organizations were less receptive to clientelism.