Data availability
Data will be made public in the near future
Data will be made public in the near future
This paper combines two separately circulated drafts (‘Labeled Loans and Human Capital Investments’ and ‘Scaling up Health Promoting Investments: Can Microcredit Support Public Health Subsidy Programs?’). We thank first and foremost Orazio Attanasio, without whose ongoing support this paper would not have been possible. We also thank I. Almås, S. Bhalotra, I. Clots-Figueras, M. Ghatak, I. Rasul, N. Hermes, F. Lenel, F. Bedecarrats, N.M. Filho, A.M. Ibanez, participants at the EDePo seminar, Kent, UNU-WIDER conference, Oslo Microfinance Workshop, ISI Delhi Conference, CERMi, CSAE and RES Conferences, EDePo-STICERD, Bristol EPIB, and LACEA-BRAIN workshop, the CSAE Seminar series, and NEUDC for useful discussions and suggestions. F. Brugues, B. Perez-Viana, J. Maywald and S. Crossman provided excellent research assistance. We thank the implementing agency for their cooperation and endless patience through the project. All errors are our own. We are also indebted to study participants for their willingness to contribute to the study. We gratefully acknowledge financial support from the World Bank Strategic Impact Evaluation Fund and the Economic and Social Research Council’s Centre for the Microeconomic Analysis of Public Policy at the IFS (grant no. ES/T014334/1). Ethics approval was secured from the University College London Research Ethics Committee (application no. 2168/008); and from the Institutional Review Board of The Institute of Sustainable Development, Chennai, India. The evaluation is registered in the AEA Trial Registry, AEARCTR-0001955.