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Unlocking the Benefits of Credit through Saving

Mukherjee, Sanghamitra W.; Bergquist, Lauren Falcao; … - National Bureau of Economic Research - 2021

Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions--in particular, lack of access to a safe place to save--might limit credit's benefits. Working with Kenyan farmers, we cross-randomize access...

Persistent link: https://www.econbiz.de/10012794570

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

Building Social Capital Through MicroFinance

Feigenberg, Benjamin - 2010

of microfinance. Random variation in the frequency of mandatory meetings across first-time borrower groups generates …

Persistent link: https://www.econbiz.de/10012462635

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne - 2005

Numerous laboratory studies find that minor nuances of presentation and description change behavior in ways that are inconsistent with standard economic models. How much do these context effect matter in natural settings, when consumers make large, real decisions and have the opportunity to...

Persistent link: https://www.econbiz.de/10012466779

Aspirations and Financial Decisions : Experimental Evidence from the Philippines

McKenzie, David J.; Mohpal, Aakash; Yang, Dean - National Bureau of Economic Research - 2021

A randomized experiment among poor entrepreneurs tested the impact of exogenously inducing higher financial aspirations. In theory, raising aspirations could have positive effects by inducing higher effort, but could also reduce effort if unmet aspirations lead to frustration. Treatment resulted...

Persistent link: https://www.econbiz.de/10012496161