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Institutions and Contract Enforcement
Falk, Armin - 2008
We provide evidence on how two important types of institutions -- dismissal barriers, and bonus pay -- affect contract … negative incentive and efficiency effects of dismissal barriers. Nevertheless, contract enforcement behavior remains … market outcomes are the result of a complex interplay between contract enforcement policies and the institutions in which …
Persistent link: https://www.econbiz.de/10012464688
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Nudges in Exercise Commitment Contracts : A Randomized Trial
Bhattacharya, Jay - 2015
enroll in a subsequent commitment contract after the original expires if they receive a nudge for a longer duration initial … contract. Our theoretical analysis of the welfare implications of these effects shows conditions under which nudges can reduce …
Persistent link: https://www.econbiz.de/10012457262
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Social Networks as Contract Enforcement : Evidence from a Lab Experiment in the Field
Chandrasekhar, Arun G. - 2014
Absence of well-functioning formal institutions leads to reliance on social networks to enforce informal contracts. Social ties may aid cooperation, but agents vary in network centrality, and this hierarchy may hinder cooperation. To assess the extent to which networks substitute for...
Persistent link: https://www.econbiz.de/10012458407
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Microequity and Mutuality : Experimental Evidence on Credit with Performance-Contingent Repayment
Cordaro, Francesco; Fafchamps, Marcel; Mayer, Colin P.; … - National Bureau of Economic Research - 2022
We conduct the first field experiment of a performance-contingent microfinance contract. A large food multinational … Kenya, we compare asset financing under a traditional debt contract to three alternatives: (i) a novel equity-like financing … contract, (ii) a hybrid debt-equity contract, and (iii) an index-insurance financing contract. Experimental results reveal …
Persistent link: https://www.econbiz.de/10013388766
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Information and Bargaining through Agents : Experimental Evidence from Mexico’s Labor Courts
Sadka, Joyce - 2018
of the causes of malfunction. We combine data from administrative records on severance cases filed in the Mexico City …
Persistent link: https://www.econbiz.de/10012480789
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A Policy Matrix for Inclusive Prosperity
Rodrik, Dani; Stantcheva, Stefanie - National Bureau of Economic Research - 2021
One of the biggest challenges that countries face today is the very unequal distributions of opportunities, resources, income and wealth across people. Inclusive prosperity - whereby many people from different backgrounds can benefit from economic growth, new technologies, and the fruits of...
Persistent link: https://www.econbiz.de/10012510615
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On Fintech and Financial Inclusion
Philippon, Thomas - 2019
The cost of financial intermediation has declined in recent years thanks to technological progress and increased competition. I document this fact and I analyze two features of new financial technologies that have stirred controversy: returns to scale, and the use of big data and machine...
Persistent link: https://www.econbiz.de/10012480275
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Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka
De Mel, Suresh - 2018
In developing economies, mobile-linked services have the potential to significantly reduce transaction costs and provide a truly new conduit that could be used to facilitate the flow of savings into banks. We test this premise by introducing a product that permits Sri Lankan households to...
Persistent link: https://www.econbiz.de/10012481004
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Banking the Unbanked? Evidence From Three Countries
Dupas, Pascaline - 2016
We experimentally test the impact of expanding access to basic bank accounts in Uganda, Malawi, and Chile. Over two years, 17 percent, 10 percent, and 3 percent of treatment individuals made five or more deposits, respectively. Average monthly deposits for them were at the 79th, 91st, and 96th...
Persistent link: https://www.econbiz.de/10012456214
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality
Dabla-Norris, Era - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845