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Implicit and Explicit Commitment in Credit and Saving Contracts : A Field Experiment

Afzal, Uzma - 2019

microfinance institution. We offer a commitment contract inspired by the rotating structure of a ROSCA. Additional treatments test …

Persistent link: https://www.econbiz.de/10012479752

Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?

Banerjee, Abhijit - 2019

, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …

Persistent link: https://www.econbiz.de/10012480290

Investing Outside the Box : Evidence from Alternative Vehicles in Private Capital

Lerner, Josh - 2018

This paper undertakes a comprehensive analysis of alternative investment vehicles in private equity, using unexplored custodial data about 112 limited partners over four decades. We differentiate between alternative vehicles that are GP-directed versus those where the LP has some discretion. Of...

Persistent link: https://www.econbiz.de/10012480595

Social Finance

Kuchler, Theresa - 2020

We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...

Persistent link: https://www.econbiz.de/10012482193

Learning to Navigate a New Financial Technology : Evidence from Payroll Accounts

Breza, Emily - 2020

How do inexperienced consumers learn to use a new financial technology? We present results from a field experiment that introduced payroll accounts in a population of largely unbanked factory workers in Bangladesh. In the experiment, workers in a treatment group received monthly wage payments...

Persistent link: https://www.econbiz.de/10012482467

Changes in Social Network Structure in Response to Exposure to Formal Credit Markets

Banerjee, Abhijit V.; Breza, Emily; Chandrasekhar, Arun G. - National Bureau of Economic Research - 2021

networks. We first study 75 villages in Karnataka, 43 of which were exposed to microfinance after we first collected detailed … microfinance are at least as likely to disappear as links involving likely borrowers. We replicate these surprising findings in the … context of a randomized controlled trial in Hyderabad, where a microfinance institution randomly selected neighborhoods to …

Persistent link: https://www.econbiz.de/10012482583

Seasonal Liquidity, Rural Labor Markets and Agricultural Production

Fink, Günther - 2018

Many rural households in low and middle income countries continue to rely on small-scale agriculture as their primary source of income. In the absence of irrigation, income arrives only once or twice per year, and has to cover consumption and input needs until the subsequent harvest. We develop...

Persistent link: https://www.econbiz.de/10012453152

Sell Low and Buy High : Arbitrage and Local Price Effects in Kenyan Markets

Burke, Marshall - 2018

Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...

Persistent link: https://www.econbiz.de/10012453239

Dangers of a Double-Bottom Line : A Poverty Targeting Experiment Misses Both Targets

Karlan, Dean - 2018

Two for-profit Philippine social enterprises, aiming to demonstrate corporate social responsibility by increasing microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool using randomized training content. Treated loan...

Persistent link: https://www.econbiz.de/10012453335

Measuring the Equilibrium Impacts of Credit : Evidence from the Indian Microfinance Crisis

Breza, Emily - 2018

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance … loans in the affected state. We use this massive dislocation in the microfinance market to identify the causal impacts of a … sector (agriculture), suggesting that one important impact of the microfinance contraction was transmitted through its effect …

Persistent link: https://www.econbiz.de/10012453385