Showing 1 - 10 of 180
How does the punishment for default affect repayment behavior? We use administrative data provided by the leading Italian lender of unsecured credit to the household sector to investigate the effect of two potentially important factors: judicial efficiency and the availability of informal credit...
Persistent link: https://www.econbiz.de/10005802032
Persistent link: https://www.econbiz.de/10010708776
Although the impact was less dramatic than in other Asian countries, Vietnam has been affected by the international crisis which started in 2008, resulting in a significant slowdown of economic growth. This paper aims at assessing the impact of this economic crisis on employment, unemployment...
Persistent link: https://www.econbiz.de/10011162132
Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals’ preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru’s pension system, and draw insights from their affiliation and contribution...
Persistent link: https://www.econbiz.de/10009642432
A large literature describes how local risk sharing networks can help individuals smooth consumption in the face of idiosyncratic economic shocks. However, when an entire community faces a large covariate shock, and when the transaction costs of transfers are high, these risk sharing networks...
Persistent link: https://www.econbiz.de/10009644819
Les économies des pays en développement sont à la fois caractérisée par une faiblesse de l’infrastructure financière, notamment du cadre légal, et un développement important de la finance informelle. L’imperfection du cadre légal limite considérablement l'efficacité des...
Persistent link: https://www.econbiz.de/10011072581
Developing countries economies are well-known for both the inadequacy of the institutional framework (this is particularly relevant for the legal system) and the presence of informal nancing. The former characteristic signi cantly reduces the e¢ ciency of con- tractual mechanisms. As a result,...
Persistent link: https://www.econbiz.de/10011072787
Democratic Republic of Congo has known dramatic events for the last three decades. Statistical social economic data did not exist really or not available in the period. The Informal Sector survey, the second phase of the 1-2-3 survey, carried out in 2004-2005 and conducted by the National...
Persistent link: https://www.econbiz.de/10011074432
This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10009642418
This article aims to confront Foucault’s (2001) concept of heterotopia (2001) – the physical location of an utopia – with a "new, "informal and non-institutionalized retail space for gleaning second hand items : the sidewalk during the time of bulky item collection. A qualitative survey...
Persistent link: https://www.econbiz.de/10010754226