Cash transfers seem to be the latest fad. With elections looming, the Prime Minister’s National Committee on Direct Cash Transfers has been…
Financial stress is widely believed to cause health problems. However, policies seeking to relieve financial stress by limiting debt levels…
We use a randomized experiment and a structural model to test whether monitoring and financial incentives can reduce teacher absence and…
In poor countries, over a quarter of children under the age of five years
are malnourished. The corresponding rate in rich countries is…
In the name of protecting India’s poor, the state government of Andhra Pradesh has caused deep turmoil in microfinance. A new law clearly…
The microfinance sector in India is in deep crisis. Last month the government of Andhra Pradesh (AP) promulgated an ordinance that…
India poses a development puzzle on a grand scale. Sixty years of electoral democracy, thirty years of rapid growth, and a number of world…