Borrowers categorized as subprime, or financially risky, are generally seen as heavily reliant on debt and, consequently, as vulnerable to interest rate increases. 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 financially stable reduced their demand for new credit by 42 percent more than their counterparts who did not receive the rate increase. Overall, borrowers did not reduce their indebtedness and incurred higher interest charges, resulting in higher revenues for the lender and a larger debt burden for borrowers.

Researchers worked with public elementary schools in Istanbul to measure the effects of a “grit curriculum” on fourth-grade students’ perseverance, competitiveness, and test scores. Students who were exposed to the grit curriculum in 2013 earned higher scores on math exams, and the program also reduced the gender gap in competitiveness by encouraging girls who were likely to succeed to compete.

Access to quality jobs is a pressing concern in sub-Saharan Africa. In Kenya, researchers partnered with the technology company Sama and Innovations for Poverty Action to conduct a randomized evaluation of Sama’s training and job referral programs.

Researchers partnered with policymakers in New York City to evaluate the impacts of a redesigned court summons form and text message reminders on failure to appear (FTA) in court. A randomized evaluation found that text message reminders were able to reduce FTA by up to 26 percent, translating to 3,700 fewer arrest warrants per year.

In this randomized evaluation, researchers evaluated the impact of a medical debt relief program (that buys and relieves a portion of individuals’ medical debt) on measures of mental and physical health, health care utilization, and financial well-being—including financial distress, credit score, debt balances, and repayment behavior. Individuals randomized to receive debt relief did not see improvements in the health and financial outcomes measured compared to those in the comparison group.

Researchers are designing and evaluating the impact of a program that provides personalized guidance, reminders, and information to community college students on four-year institution transfer rates in Virginia.

In partnership with country governments and the World Bank, the research team has been evaluating how different productive packages impact the wellbeing and economic stability of safety net beneficiaries in Burkina Faso, Mauritania, Niger, and Senegal. In Niger, a multi-faceted economic inclusion program delivered to women beneficiaries of a national cash transfer program improved women’s consumption and food security, increased their off-farm business activities, and improved their psychosocial well-being.

To better understand the connection between BTB policies and racial discrimination in hiring, researchers tested the impact of applicant race and criminal history on hiring decisions both before and after BTB policies came into effect in New Jersey and New York City. The results confirmed that criminal records are a barrier to employment and supported the concern that BTB policies encourage racial discrimination.