WRDS Best Paper Award was presented by the Midwest Finance Association during their annual conference
Safety Nets, Credit, and Investment: Evidence from a Guaranteed Income Program
Nishant Vats (University of Chicago)
Pulak Ghosh (Indian Institute of Management Bangalore)
Do safety nets affect investment? If so, how? Combining a natural experiment that gives guaranteed income to landowning farmers in India with transaction-level bank data and loan-level credit bureau data, researchers evaluate the impact of unconditional and perpetual guaranteed income on small farmer entrepreneurs.