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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
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …
Persistent link: https://www.econbiz.de/10012480290
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
We show that extremely poor, war-affected women in northern Uganda have high returns to a package of $150 cash, five days of business skills training, and ongoing supervision. 16 months after grants, participants doubled their microenterprise ownership and incomes, mainly from petty trading. We...
Persistent link: https://www.econbiz.de/10012457357
central tenets of Islam. To establish causality, we exploit variation in the length of the fasting period due to the rotating …
Persistent link: https://www.econbiz.de/10012458895
Institutional constraints to counter potential abuses in the use of political power have been viewed as essential to well functioning political institutions and good public policy outcomes in the Western World since the time of ancient Greece. A sophisticated intellectual tradition emerged to...
Persistent link: https://www.econbiz.de/10014226113
scheme unsustainable. Islam developed a set of dynamic redistributive rules that were self-enforcing, in regions where arid …
Persistent link: https://www.econbiz.de/10012457162
This paper proposes a new framework for studying the interplay between culture and institutions. We follow the recent sociology literature and interpret culture as a \repertoire", which allows rich cultural responses to changes in the environment and shifts in political power. Specifically, we...
Persistent link: https://www.econbiz.de/10012533381
We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic bank in Indonesia. In our main treatment, clients receive a text message stating that "non-repayment of debts by someone who is able to repay is an injustice." This moral appeal...
Persistent link: https://www.econbiz.de/10012457058
A growing body of rigorous research shows that financial services innovations can have important positive impacts on wellbeing, but also that many do not. We first describe the latest evidence on what works in financial inclusion. Second, we summarize research on key financial market failures...
Persistent link: https://www.econbiz.de/10011542935