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The Impact of Financial Education for Youth in Ghana
Berry, James; Karlan, Dean S.; Pradhan, Menno - C.E.P.R. Discussion Papers - 2015
We evaluate, using a randomized trial, two school-based financial literacy education programs in government-run primary and junior high schools in Ghana. One program integrated financial and social education, whereas the second program only offered financial education. Both programs included a...
Persistent link: https://www.econbiz.de/10011249377
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Keeping it Simple: Financial Literacy and Rules of Thumb
Drexler, Alejandro; Fischer, Greg; Schoar, Antoinette S - C.E.P.R. Discussion Papers - 2010
Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...
Persistent link: https://www.econbiz.de/10008611017
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You Can Pick Your Friends, But You Need to Watch Them: Loan Screening and Enforcement in a Referrals Field Experiment
Bryan, Gharad; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2012
We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....
Persistent link: https://www.econbiz.de/10011083275
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Risk and Saving in Two-Person Households: More Scope for Precautionary Saving
Apps, Patricia; Andrienko, Yuri; Rees, Ray - Research School of Economics, College of Business and … - 2012
The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard assumptions suffice for precautionary saving to exist under increases in risk of the first and second orders, but not …
Persistent link: https://www.econbiz.de/10011079148
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Mortality Risks, Education and Child Labour
Baland, Jean-Marie; Estevan, Fernanda - C.E.P.R. Discussion Papers - 2006
In this paper, we investigate the role of young adult mortality on child labour and educational decisions. We argue that mortality risks are a major source of risks in returns to education in developing countries. We show that, in the absence of appropriate insurance mechanisms, the level of...
Persistent link: https://www.econbiz.de/10005498071
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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
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Continued Existence of Cows Disproves Central Tenets of Capitalism?
Anagol, Santosh; Etang, Alvin; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2013
We examine the returns from owning cows and buffaloes in rural India. We estimate that when valuing labor at market wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39% respectively. This puzzle is mostly explained if we value...
Persistent link: https://www.econbiz.de/10011083843
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What is Middle Class about the Middle Classes Around the World?
Banerjee, Abhijit; Duflo, Esther - C.E.P.R. Discussion Papers - 2007
This paper uses household surveys from 13 developing countries to describe consumption choices, health and education investments, employment patterns and other features of the of the economic lives of the “middle classes” defined as those whose daily consumption per capita is between $2 and...
Persistent link: https://www.econbiz.de/10005791405
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Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt
McKenzie, David - C.E.P.R. Discussion Papers - 2014
that, contrary to what they profess, macroeconomic and political risk is not inhibiting the investment behavior of … macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in …
Persistent link: https://www.econbiz.de/10011084029
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Agricultural Decisions after Relaxing Credit and Risk Constraints
Karlan, Dean S.; Osei, Robert; Osei-Akoto, Isaac; Udry, … - C.E.P.R. Discussion Papers - 2012
to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face …The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …
Persistent link: https://www.econbiz.de/10011083318