BREAD Working Paper No. 533, February 2020

Unpacking a Multi-Faceted Program to Build Sustainable Income for the Very Poor Abhijit Banerjee, Dean Karlan, Robert Osei, Hannah Trachtman, Christopher Udry Abstract A multi-faceted program comprising a grant of productive assets, training, coaching, and savings has been found to build sustainable income for those in extreme poverty. We focus on two important questions: whether […]

BREAD Working Paper No. 534

Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines Dean Karlan, Sendhil Mullainathan, Benjamin N. Roth Abstract A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such practices is […]

BREAD Working Paper No. 572, March 2020

How Political Insiders Lose Out When International Aid Underperforms: Evidence from a Participatory Development Experiment in Ghana Kate Baldwin, Dean Karlan, Christopher Udry, Ernest Appiah Abstract Participatory development is designed to mitigate problems of political bias in pre-existing local government but also interacts with it in complex ways. Using a five-year randomized controlled study in […]