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Can warehouse receipt finance improve trading terms for small farmers and reduce price seasonality? We study this question in the context of a warehouse receipt program in India using detailed market data and warehouse locations.

For almost half a century, microfinance has been seen as a powerful tool to improve access to credit for the poor.

In this pilot study, we demonstrate that low-skilled day labourers who are socially connected to their employers have significantly higher chances of securing jobs, irrespective of having lower productivity than their lesser connected counterparts in Pakistan.