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Expanding Microenterprise Credit Access: Using Randomized Supply Decisions to Estimate the Impacts in Manila

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2009

Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field … microlenders: male and higher-income entrepreneurs. In all, our results suggest that microcredit works broadly through risk …

Persistent link: https://www.econbiz.de/10005048547

Repayment incentives and the distribution of gains from group lending

Baland, Jean-Marie; Somanathan, Rohini; Wahhaj, Zaki - C.E.P.R. Discussion Papers - 2011

Group loans with joint liability have been a distinguishing feature of many microfinance programs. While such lending has benefitted millions of borrowers, major lending institutions have acknowledged their limited impact among the very poor and have recently favored individual contracts. This...

Persistent link: https://www.econbiz.de/10008854489

Follow the Money: Methods for Identifying Consumption and Investment Responses to a Liquidity Shock

Karlan, Dean S.; Osman, Adam; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2013

Identifying the impacts of liquidity shocks on spending decisions is difficult methodologically but important for theory, practice, and policy. Using seven different methods on microenterprise loan applicants, we find striking results. Borrowers report uses of loan proceeds strategically, and...

Persistent link: https://www.econbiz.de/10011083720

Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Angelucci, Manuela; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2013

Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high … microcredit causes harm. …

Persistent link: https://www.econbiz.de/10011083867

Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Angelucci, Manuela; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2014

Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high …

Persistent link: https://www.econbiz.de/10011084172

Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2013

The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and lending practice. We use randomized interest rates, offered across 80 regions by Mexico’s largest microlender, to identify a 29-month dollars-borrowed elasticity of -1.9. This...

Persistent link: https://www.econbiz.de/10011084221

Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco

Crépon, Bruno; Devoto, Florencia; Duflo, Esther; … - C.E.P.R. Discussion Papers - 2014

This paper reports the results from a randomized evaluation of a microcredit program introduced in rural areas of …, microcredit access led to a significant rise in investment in assets used for self-employment activities (mainly animal husbandry … those who chose to borrow, microcredit had large, albeit very heterogeneous, impacts on assets and profits from self …

Persistent link: https://www.econbiz.de/10011084580

(Measured) Profit is Not Welfare: Evidence from an Experiment on Bundling Microcredit and Insurance

Banerjee, Abhijit; Duflo, Esther; Hornbeck, Richard - C.E.P.R. Discussion Papers - 2014

We investigate the puzzle of microfinance: that loans generate large measured returns for businesses, yet loan take-up is low and the businesses often close. We analyze a randomized trial that bundled microfinance loans with a cheap health insurance policy. Requiring clients to purchase...

Persistent link: https://www.econbiz.de/10011084607

Cultural and Institutional Bifurcation: China and Europe Compared

Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2010

How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the course of history to cope with this challenge by relying on different combinations of external (formal and informal) enforcement institutions and intrinsic motivation. Some societies...

Persistent link: https://www.econbiz.de/10008468568

Family Ties and Organizational Design: Evidence from Chinese Private Firms

Cai, Hongbin; Li, Hongbin; Park, Albert; Zhou, Li-An - C.E.P.R. Discussion Papers - 2010

Analyzing data from a unique survey of managers of Chinese private firms, we investigate how family ties with firm heads affect managerial compensation and job assignment. We find that family managers earn higher salaries and receive more bonuses, hold higher positions, and are given more...

Persistent link: https://www.econbiz.de/10008468597