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Debt Restructuring
Friedman, Benjamin M. - 2000
and borrowers ample reason to care whether nonperforming debts are restructured. One implication of the way in which debt … argument is moral hazard, but (unlike in much of the recent literature of emerging market debt problems) what is central here …
Persistent link: https://www.econbiz.de/10012471039
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Monetary Policy Wedges and the Long-term Liabilities of Households and Firms
Binsbergen, Jules H. van; Grotteria, Marco - National Bureau of Economic Research - 2024
We examine the transmission of monetary policy shocks to the long-duration liabilities of households and firms using high-frequency variation in 10-year swap rates around FOMC announcements. We find that four weeks after the announcement mortgage rates move one-for-one with 10-year swap rates,...
Persistent link: https://www.econbiz.de/10014486229
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Declining Clientelism of Welfare Benefits? Targeting and Political Competition based Evidence from an Indian state
Maitra, Pushkar; Mitra, Sandip; Mookherjee, Dilip; … - National Bureau of Economic Research - 2024
It has been argued that since 2014, under the BJP-led central government, welfare benefits in India have become better …
Persistent link: https://www.econbiz.de/10014486248
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How Do Voters Respond to Welfare Vis-a-Vis Public Good Programs? Theory and Evidence of Political Clientelism
Bardhan, Pranab K.; Mitra, Sandip; Mookherjee, Dilip; … - National Bureau of Economic Research - 2024
Using rural household survey data from West Bengal, we find that voters respond positively to excludable government welfare benefits but not to local public good programs, while reporting having benefited from both. Consistent with these voting patterns, shocks to electoral competition induced...
Persistent link: https://www.econbiz.de/10014486249
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Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines
Karlan, Dean - 2018
A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and … thus perpetually finds themselves in debt (often by re-financing). Studying such practices is important for understanding … conduct a simple experiment in three sites in which we paid off high-interest moneylender debt of individuals. Most borrowers …
Persistent link: https://www.econbiz.de/10012453442
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Risk Sharing, Commitment Constraints and Self Help Groups
Attanasio, Orazio P.; Kochar, Anjini; Mahajan, Aprajit; … - National Bureau of Economic Research - 2023
self-help group lending program in rural Bihar, India (Hoffmann et al., 2021) to demonstrate that well-functioning groups …
Persistent link: https://www.econbiz.de/10014287346
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The Effects of Schooling on Costless Health Maintenance : Overweight Adolescents and Children in Rural China
Rosenzweig, Mark R. - 2019
Obesity is an important global health problem. Although obesity is not directly related to access to health care or constrained by resource deprivation, overweight status is predominantly found in poor, less-educated populations. This paper seeks to identify the causal role of schooling in...
Persistent link: https://www.econbiz.de/10012480036
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Leaving Money on the Table? Suboptimal Enrollment in the New Social Pension Program in China
Chen, Xi - 2017
China's recently implemented New Rural Pension Scheme (NRPS), the largest social pension program in the world, was designed to provide financial protection for its rural population and reduce economic inequities. Yet the impact of this program is mitigated if those eligible fail to enroll. This...
Persistent link: https://www.econbiz.de/10012453648
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Disease Control, Demographic Change and Institutional Development in Africa
McMillan, Margaret S. - 2013
This paper addresses the role of tropical disease in rural demography and land use rights, using data from Onchocerciasis (river blindness) control in Burkina Faso. We combine a new survey of village elders with historical census data for 1975-2006 and geocoded maps of treatment under the...
Persistent link: https://www.econbiz.de/10012459417
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Challenges in Banking the Rural Poor : Evidence from Kenya's Western Province
Dupas, Pascaline - 2012
Most people in rural Africa do not have bank accounts. In this paper, we combine experimental and survey evidence from Western Kenya to document some of the supply and demand factors behind such low levels of financial inclusion. Our experiment had two parts. In the first part, we waived the...
Persistent link: https://www.econbiz.de/10012460808