In Uganda, nearly half of surveyed adults were unable to correctly answer a question about interest rates according to a recent Finscope study. When asked “If you were offered a loan with 5% monthly interest rate and a loan with 20% annual interest rate, which loan would offer better value?” 49% ended up choosing the more expensive loan option or were unsure of the right answer.
August 15, 2017
The Peace & Recovery (P&R) Program at Innovations for Poverty Action is launching its first request for proposals, through an Expression of Interest (EOI) Form available now. Expressions of Interest are due on September 15, 2017. The P&R Program is designed to support field experiments and related research in several broad areas:
May 15, 2015
IPA's Rules of Thumb study was mentioned the May 2015 issue of Harvard Business Review:
Julian Jamison, Dean Karlan, Jonathan Zinman, Gregory Fischer, Antoinette Schoar, Alejandro Drexler
October 20, 2014
October 11, 2013
In a column for the New York Times' Economic View section, Booth School of Business professor Richard Thaler discusses various approaches to financial literacy.
Gregory Fischer, Antoinette Schoar, Alejandro Drexler
November 29, 2012
November 16, 2010
Tim Harford features research byÂ Alejandro Drexler, Gregory Fischer and Antoinette Schoar on financial literacy in a column. The paper was presented at the recent Microfinance Impact & Innovation ConferenceÂ - the bottom line being that simple rules of thumb are effective and outperform more complex financial training.Â