Dagnelie, Olivier; LeMay-Boucher, Philippe - Barcelona Graduate School of Economics (Barcelona GSE) - 2008
In the light of first-hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit Associations. We provide anecdotal pieces of evidence, descriptive statistics, FIML regressions and matching estimates...