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Social Connections and Group Banking
Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007
Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi random group formation process to find evidence of peers successfully...
Persistent link: https://www.econbiz.de/10005791873
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Female Empowerment: Impact of a Commitment Savings Product in the Philippines
Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - C.E.P.R. Discussion Papers - 2007
development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering …
Persistent link: https://www.econbiz.de/10005792103
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Group versus Individual Liability: A Field Experiment in the Philippines
Giné, Xavier; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007
Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower...
Persistent link: https://www.econbiz.de/10005656151
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Market Structure and Borrower Welfare in Microfinance
de Quidt, Jonathan; Fetzer, Thiemo; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2012
Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …
Persistent link: https://www.econbiz.de/10011083818
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The Diffusion of Microfinance
Banerjee, Abhijit; Chandrasekhar, Arun G; Duflo, Esther; … - C.E.P.R. Discussion Papers - 2012
We examine how participation in a microfinance program diffuses through social networks. We collected detailed … demographic and social network data in 43 villages in South India before microfinance was introduced in those villages and then … first informed about the program, "the injection points". Microfinance participation is higher when the injection points …
Persistent link: https://www.econbiz.de/10011084550
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(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 … business losses, rather than pay modest insurance premiums, implies the substantial financial gains from microfinance loans are …
Persistent link: https://www.econbiz.de/10011084607
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Trade, Wages, and Profits
Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - C.E.P.R. Discussion Papers - 2011
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences. In the underlying theoretical framework, such preferences lead to a link between a firm's operating profits on the one hand and wages of workers employed by this firm on the...
Persistent link: https://www.econbiz.de/10009399709
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College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities
Garibaldi, Pietro; Giavazzi, Francesco; Ichino, Andrea; … - C.E.P.R. Discussion Papers - 2007
For many students throughout the world the time to obtain an academic degree extends beyond the normal completion time while college tuition is typically constant during the years of enrollment. In particular, it does not increase when a student remains in a program beyond the normal completion...
Persistent link: https://www.econbiz.de/10005666656
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Unemployed and Their Caseworkers: Should They Be Friends or Foes?
Behncke, Stefanie; Frölich, Markus; Lechner, Michael - C.E.P.R. Discussion Papers - 2007
In many countries, caseworkers in a public employment office have the dual roles of counselling and monitoring unemployed persons. These roles often conflict with each other leading to important case-worker heterogeneity: Some consider providing services to their clients and satisfying their...
Persistent link: https://www.econbiz.de/10005791568
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Comparing Alternative Predictors Based on Large-Panel Factor Models
D'Agostino, Antonello; Giannone, Domenico - C.E.P.R. Discussion Papers - 2007
This paper compares the predictive ability of the factor models of Stock and Watson (2002) and Forni, Hallin, Lippi, and Reichlin (2005) using a large panel of US macroeconomic variables. We propose a nesting procedure of comparison that clarifies and partially overturns the results of similar...
Persistent link: https://www.econbiz.de/10005791574