21 Highlights https://drive.google.com/file/d/1O2yCLRPuAvWgPu6sfNRZMKzovBcE7LPK/view?usp=drivesdk



The authors thank the Bill & Melinda Gates  Foundation for its support of this research.  Thanks are also owed to the research assistants  at the Center on Finance, Law & Policy, and especially to Avaskhan Assanaliyev. The authors  are also grateful for the editorial assistance of  Tracey Van Dusen and Christie Baer. 

Authors 

Michael S. Barr 

msbarr@umich.edu 

Adrienne A. Harris 

adrienah@umich.edu 

Megan Kelly 

megkel@umich.edu 

Emma Macfarlane 

emmamac@umich.edu 

Bryan Ricketts 

rickettb@umich.edu 

University of Michigan Center on Finance, Law & Policy  Weill Hall Suite 5211 

735 S. State St. 

Ann Arbor, MI 48109