One of the most important public policy issues in the United States is how to improve the life prospects of disadvantaged youth who, in their formative years, face low-quality school systems, poor access to health care, and high-crime environments. The Problems of Disadvantaged Youth includes a...

Poverty reduction remains one of the main challenges for Latin America at the end of the 20th century. We argue that poverty in Latin America or at least the 'excess poverty' given the level of income in the region, is a problem caused mainly by high inequality. But, income inequality in the...

Although microfinance institutions across the world are moving from group lending towards individual lending, this strategic shift is not substantiated by sufficient empirical evidence on the impact of both types of lending on borrowers. We present such evidence from a randomised field...