This paper presents an application to Ecuador of a computable general equilibrium model with a financial component, following the lead of F. Bourguignon, W. Branson and J. de Melo. Their macro-micro model was introduced in Technical Paper No.1 "Macroeconomic Adjustment and Income Distribution. A...

This article uses data from Uganda's largest incumbent microfinance institution to analyse the impact of entry by competing lenders on client behaviour. We observe that rising competition does not lead to an increase in client dropout rate, but induces a decline in repayment performance and...

Cash transfers can help poor families to meet the costs associated with sending their children to school. Demand constraints are a major impediment to schooling attainment in rural areas. Educational grants can contribute to raise schooling attainment in rural areas and thereby to close the gap...

We present the results of a new laboratory experiment designed to mimic the ways in which credit bureaus will alter microfinance markets. Where loans are taken in groups, bureaus can build reputations for borrowers at the group or the individual level, and the optimal contract is not obvious. In...

The present work assesses the effectiveness of educational grants at raising schooling attainment of poor children in rural areas. The per grade gains in reducing drop outs cumulate in an additional half a year in total schooling. Progressive impacts are found along three dimensions: degree of...

This paper investigates how child labor and schooling are responsive to opportunities to work, in particular to opportunities provided by children’s own parents. The paper demonstrates that after controlling for household, parental, regional, and child characteristics, children whose...