Showing 1 - 10 of 3,779
Households in developing countries use a variety of informal mechanisms to cope with risk, including mutual support and risk-sharing. These mechanisms cannot avoid that they remain vulnerable to shocks. Public programs in the form of food aid distribution and food-for-work programs are meant to...
Persistent link: https://www.econbiz.de/10010279013
Interest payments based on income flows are a common feature of informal loans. Such so-called `interlinked loans' can be seen as an insurance against very low disposable incomes, as interest payments are lowest when income turns out to be low. This paper examines whether interlinked loans...
Persistent link: https://www.econbiz.de/10011753328
Conventional wisdom in economics holds that traditional credit and insurance networks are inapt for insuring against covariate risks such as natural hazards. We challenge this claim by examining changes in financial allocations in Rotating Savings and Credit Associations (Roscas), a popular...
Persistent link: https://www.econbiz.de/10011932104
Customary rules governing access to land and other natural resources in village societies have characteristics that allow them to fulfil social security functions and achieve equity objectives. This is true of both common-property resources and land parcels held under individualized tenure....
Persistent link: https://www.econbiz.de/10010279257
network. Still, theory suggests that the formation of insurance links depends on a myriad of factors related to smooth … empirical attempts have been made at investigating the determinants of network formation. This paper suggests an approach by … which one might present stylized facts on endogenous network formation. Applying it to a data set collected in a Haya …
Persistent link: https://www.econbiz.de/10010279126
In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in privatization (crowding-out effect). Vice-versa with...
Persistent link: https://www.econbiz.de/10011335775
Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk taking by some members of a potential risk sharing group affecting not only their own but also their co-members risk exposure, affects both risk taking and ex post sharing. The...
Persistent link: https://www.econbiz.de/10012029801
Exiting the middle-income trap entails costly improvements in state capacity. That deep economic integration induces powerful actors to support increasing state capacities remain underresearched. Here we ask: Under what conditions can deep economic integration yield increases in state capacity?...
Persistent link: https://www.econbiz.de/10012064709
substantial for mobilizing factors for agricultural production. We investigate the role of an indigenous social network in …' access to factor markets. Specifically, we find that joining an iddir network improves households' access to land, labor and …
Persistent link: https://www.econbiz.de/10012101025
network is the main channel through which agents exploit new opportunities. Therefore, only if the social network becomes … insights arising from the model is that, in order for the social network to turn global, the economy needs to display a degree … particular, as the rate of arrival of ideas rises, or when there is a high enough increase in the range at which the network …
Persistent link: https://www.econbiz.de/10011441820