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The success of joint liability programs depends on nature and composition of borrowing groups. Group formation is a costly process and in our model these costs vary with the social identity of group partners. We show that risk heterogeneity in a borrowing group may arise due to the social...
Persistent link: https://www.econbiz.de/10010260680
Over fifteen years have passed since the beginning of the reconstruction of the transition countries' banking systems. The analysis of the development of commercial banking in Georgia and other transition countries points out several features, which are typical for the starting period of...
Persistent link: https://www.econbiz.de/10010280576
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...
Persistent link: https://www.econbiz.de/10012387272
credit markets. The predictions differ by land ownership: landless or large landowners should decrease child labor when labor … for a large set of village characteristics. We find that on average market imperfections (labor but also land and credit …
Persistent link: https://www.econbiz.de/10010305651
In this paper we provide first systematic evidence on the gender disparities in the labor market in Swaziland, drawing on the country's first two (2007 and 2010) Labor Force Surveys. We find that even though the global financial crisis had a less severe effect on the labor market outcomes of...
Persistent link: https://www.econbiz.de/10011653183
'Guest workers' earn higher wages overseas on temporary low-skill employment visas. This wage effect can quantify global inefficiencies in the pure spatial allocation of labor between poorer and richer countries. But rigorous estimates are rare, complicated by migrant self-selection. This paper...
Persistent link: https://www.econbiz.de/10011984655
towards local elites. Unlike targeting cash transfers to the poor, the optimal targeting of credit is a more complex problem … program, the Thai Million Baht Credit Fund, which decentralizes the allocation of loans to an elected group of community …-experimental variation in the rollout of the program and uncover evidence that, in general equilibrium, informal credit markets compensate …
Persistent link: https://www.econbiz.de/10011817590
agricultural investment, land valuation and access to credit in Tanzania. Results show that while there are no detectable effects … credit. The findings suggest that there are potentially significant, economic returns to systematic land titling in Tanzania …
Persistent link: https://www.econbiz.de/10011943771
examines the effect of credit, insurance, and poverty (defined as more than just low income). It also explains bonded child …
Persistent link: https://www.econbiz.de/10010261870
%. At the household level, street paving increased the use of collateral-based credit and average loan size. Additionally … result of pavement. We provide compelling evidence that the mechanism explaining the durable goods increase is the credit … channel: the raise in durable goods as well as in credit use was only present among households with access to financial …
Persistent link: https://www.econbiz.de/10010278694