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Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - Institute for the Study of Labor (IZA) - 2010
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...
Persistent link: https://www.econbiz.de/10008560756
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Mortgage Finance in Central and Eastern Europe: Opportunity or Burden?
Beck, Thorsten; Kibuuka, Katie; Tiongson, Erwin R. - Institute for the Study of Labor (IZA) - 2010
Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis. Using household survey data for 2005, 2006, and...
Persistent link: https://www.econbiz.de/10008615444
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Is Rationing in the Microfinance Sector Determined by the Microfinance Type? Evidence from Ghana
Diaz-Serrano, Luis; Sackey, Frank Gyimah - Institute for the Study of Labor (IZA) - 2015
microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance … institutions in the era of financial liberalization. The data for the study were gleaned from fourteen microfinance institutions … rationing is not influenced by the microfinance types but by the individual microfinance institutions. …
Persistent link: https://www.econbiz.de/10011265661
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Economic Governance of MFIs: Inside the Black Box
Arun, Thankom; Annim, Samuel Kobina - Institute for the Study of Labor (IZA) - 2010
This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions … atmosphere that will enhance the achievement of microfinance social objectives. …
Persistent link: https://www.econbiz.de/10008455552
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Loss Aversion in the Laboratory
Morrison, William G.; Oxoby, Robert J. - Institute for the Study of Labor (IZA) - 2014
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find...
Persistent link: https://www.econbiz.de/10010884160
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Procrastination, Academic Success and the Effectiveness of a Remedial Program
De Paola, Maria; Scoppa, Vincenzo - Institute for the Study of Labor (IZA) - 2014
Procrastination produces harmful effects for human capital investments and studying activities. Using data from a large sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in finalizing their university enrolment procedure. We...
Persistent link: https://www.econbiz.de/10010884189
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Evidence on Individual Preferences for Longevity Risk
Delprat, Gaëtan; Leroux, Marie-Louise; Michaud, Pierre-Carl - Institute for the Study of Labor (IZA) - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10010884266
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The Superstar Quest: Does Youth Talent Predict Professional Success for Female and Male Tennis Players?
Grove, Wayne A.; Jetter, Michael - Institute for the Study of Labor (IZA) - 2014
We estimate the relationship between international youth and professional tennis rankings. We find no difference between the predictiveness of rankings from age 14 & Under versus age 16 & Under competitions. The most persistent predictor of professional success is beating older top ranked...
Persistent link: https://www.econbiz.de/10010884294
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Income Receipt and Mortality: Evidence from Swedish Public Sector Employees
Andersson, Elvira; Lundborg, Petter; Vikström, Johan - Institute for the Study of Labor (IZA) - 2014
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By exploiting variation in pay-days across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events...
Persistent link: https://www.econbiz.de/10010886134
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Relative Concerns for Consumption at the Top: An Intertemporal Analysis for the UK
Quintana-Domeque, Climent; Wohlfart, Johannes - Institute for the Study of Labor (IZA) - 2014
This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...
Persistent link: https://www.econbiz.de/10010959734