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using a natural experiment in India as well as data from China, Indonesia, the Philippines, South Africa, and Kenya …
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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 important for understanding financial decision-making of households in dire...
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settings across five countries: India, Kenya, Nepal, Philippines, and Uganda. We test multiple scalable models of remote …
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