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Institutions and Contract Enforcement
Falk, Armin - 2010
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/10012759359
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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/10013051751
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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/10013018712
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Information and Bargaining Through Agents : Experimental Evidence from Mexico's Labor Courts
Sadka, Joyce - 2018
most lower-income countries, but the root causes of poor performance are not well understood. We use a field experiment … with ongoing cases to analyze sources of dysfunction in Mexico's largest labor court. Providing the parties with … receive the information. An intervention before plaintiffs contact a lawyer increases pre-suit settlement. The experiment …
Persistent link: https://www.econbiz.de/10012909901
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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/10012906765
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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/10012985903
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On Fintech and Financial Inclusion
Philippon, Thomas - 2020
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/10012831538
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income
Dabla-Norris, Era - 2015
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
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Regression Discontinuity Designs with an Endogenous Forcing Variable and an Application to Contracting in Health Care
Bajari, Patrick - 2011
Regression discontinuity designs (RDDs) are a popular method to estimate treatment effects. However, RDDs may fail to yield consistent estimates if the forcing variable can be manipulated by the agent. In this paper, we examine one interesting set of economic models with such a feature....
Persistent link: https://www.econbiz.de/10013117577
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Coercive Contract Enforcement : Law and the Labor Market in 19th Century Industrial Britain
Naidu, Suresh - 2011
British Master and Servant law made employee contract breach a criminal offense until 1875. We develop a contracting … model generating equilibrium contract breach and prosecutions, then exploit exogenous changes in output prices to examine … prosecutions, and wages responded more to labor demand shocks. Coercive contract enforcement was applied in industrial Britain …
Persistent link: https://www.econbiz.de/10013124857