Economics

Better Borrowing to Promote Access to Water and Improve Dairy Farming in Kenya

June 12, 2020
MRR Innovation Lab researchers are partnering with Nyala Vision Savings and Credit Cooperative in Kenya to test financial contracts for rain collecting water tanks, including a layaway savings plan, an asset-collateralized loan and a hybrid option that enables farmers to save towards the loan’s deposit.

Children of Poor Immigrants Rise, Regardless of Where They Come From

October 28, 2019
New research linking millions of fathers and sons dating to the 1880s shows that children of poor immigrants in America have had greater success climbing the economic ladder than children of similarly poor fathers born in the United States. That pattern has been remarkably stable for more than a century, even as immigration laws have shifted and as the countries most likely to send immigrants to the United States have changed.