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Finance and Private Sector Research

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A well-functioning financial system and a vigorous private sector are important drivers of growth and poverty reduction. Finance is central to private sector development and vice versa, and large parts of both sub-disciplines revolve around the behavior and performance of firms. Information about our research on finance and private sector development can be found under Subtopics below. More »


Research Digest

Improving the Impact of Financial Education Addressing behavioral constraints through goal setting and personalized counseling can improve the effectiveness of financial education
Fenella Carpena, Shawn Cole, Jeremy Shapiro, and Bilal Zia

Spring 2016

Working Papers

Labor Drops: Experimental Evidence on the Return to Additional Labor in Microenterprises
Suresh de Mel, David McKenzie, and Christopher Woodruff
Policy Research Working Paper 7924, December 2016

Can Enhancing the Benefits of Formalization Induce Informal Firms to Become Formal? Experimental Evidence from Benin
Najy Benhassine, David McKenzie, Victor Pouliquen, and Massimiliano Santini
Policy Research Working Paper 7900, November 2016

Social Capital, Finance, and Consumption: Evidence from a Representative Sample of Chinese Households
Robert Cull, Li Gan, Nan Gao, and Lixin Colin Xu
Policy Research Working Paper 7873, October 2016

Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners
Xavier Giné, Monica Martinez-Bravo, and Marian Vidal-Fernández
Policy Research Working Paper 7820, September 2016

Savings Defaults and Payment Delays for Cash Transfers: Field Experimental Evidence from Malawi
Lasse Brune, Xavier Giné, Jessica Goldberg, and Dean Yang
Policy Research Working Paper 7807, August 2016

The Microfinance Business Model: Enduring Subsidy and Modest Profit
Robert Cull, Asli Demirgüç-Kunt, and Jonathan Morduch
Policy Research Working Paper 7786, August 2016

Pathways to Profits: Identifying Separate Channels of Small Firm Growth through Business Training
Stephen J. Anderson, Rajesh Chandy, and Bilal Zia
Policy Research Working Paper 7774, July 2016

Financial (Dis-)Information: Evidence from a Multi-Country Audit Study
Xavier Giné and Rafael Keenan Mazer
Policy Research Working Paper 7750, July 2016

Markets, Contracts, and Uncertainty in a Groundwater Economy
Xavier Gine and Hanan G. Jacoby
Policy Research Working Paper 7694, June 2016

Saving for Old Age
Asli Demirgüç-Kunt, Leora Klapper, and Georgios A. Panos
Policy Research Working Paper 7693, June 2016

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People are escaping poverty with the help of digital finance. How should we measure that? by Jake Hess and Leora Klapper (World Economic Forum blog, December 2016)

5 ways digital finance can help people escape poverty by Jake Hess and Leora Klapper (World Economic Forum blog, December 2016)

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Research Manager

Impact Evaluation Policy Notes

Are labor market imperfections the reason so few microenterprises hire workers? An experiment in Sri Lanka suggests they are not
Suresh de Mel, David McKenzie and Christoper Woodruff, January 2017

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Last updated: 2017-01-06

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