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Voluntary Regulation: Evidence from a Randomized Medicare Payment Reform

In the United States, researchers evaluated the impact of the mandatory-participation bundled payment model for hospitals and explored which hospitals were incentivized to opt in to bundled payments after the model was later made voluntary. The mandatory-participation bundled payment program...

Saving Incentives for Low and Middle Income Families: Evidence From a Field Experiment with HR Block

Researchers tested the influence of the (randomly chosen) rate at which clients were told contributions to their Individual Retirement Arrangements (IRAs) would be matched on the amount contributed to their retirement savings accounts. They found higher matching rates significantly increased IRA...

Impact of PR Reservations on Public Good Allocations

Following the implementation of a policy mandating lower-caste representation in some local village councils in India, researchers evaluated how lower-caste presidents invested in and distributed goods. They found that disadvantaged lower-caste groups received more public goods in councils with an...

Microfinance Repayment Schedules in West Bengal, India

John Papp
Jeannie Park
Researchers tested two features of these contracts, repayment frequency and the time of the first repayment, to determine if characteristics of the loan contract affect borrowers’ repayment behavior and the types of investments they make. They found that less frequent repayments did not increase...

Impacts of Flexible Loans on Borrower Behavior and Microenterprise Outcomes in Colombia

Lasse Brune
Xavier Giné
Researchers evaluated the impact of a flexible microloan product on new clients' repayment behavior, business outcomes, and client satisfaction. The results showed that the flexible loan led to some shifts in investment behavior but had no average impact on revenue or profits and led to higher...

Examining Underinvestment in Agriculture: Returns to Capital and Insurance Among Farmers in Ghana

Researchers in northern Ghana conducted a randomized evaluation to assess the underlying reason for underinvestment by examining the relative effectiveness of cash grants and insurance grants in improving crop yields. Results suggest that uninsured risk, rather than a lack of capital, was the...

A Multifaceted Approach to Increase Women’s Empowerment in the Democratic Republic of Congo

Researchers evaluated a multifaceted program for women experiencing extreme poverty in the Democratic Republic of Congo, a region facing protracted conflict. The intervention had positive and enduring effects on women’s consumption, employment, finances, and empowerment, and small positive impacts...

Insurance, Credit and Technology Adoption in Malawi

Xavier Giné
In Malawi, researchers examined the effect of bundling rainfall index insurance with a credit program on farmers’ demand for credit. They found that bundling insurance with credit reduced the demand for credit, from 33 percent for credit alone to 17.6 percent for the bundled product.