Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving … mechanisms. As economic development proceeds, formal institutions might therefore be expected to displace ROSCAs. We show, using … household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We …

We develop a formula for the optimal size of a joint savings association between individuals who share the same … Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it … limited size as well as other features of ROSCAs observed in developing countries all over the world. …

This paper examines a much overlooked link between credit markets and formalization: since access to bank credit … bank credit is more widely available at lower cost; if so, well-functioning credit markets help foster formal employment at …

The paper describes and evaluates unemployment insurance savings accounts (UISAs) - a relatively new and not well … management of short and long term savings (i.e., pension wealth) while avoiding unnecessary administrative costs. The paper … comparison to developed countries. -- Unemployment insurance ; unemployment insurance savings accounts ; unemployment …

turned to Unemployment Insurance Savings Accounts (UISAs) as an alternative to traditional systems of unemployment insurance …. UISAs are schemes of individual mandatory savings. Therefore, they smooth income over an individual's life cycle rather than …