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Persistent link: https://www.econbiz.de/10014576907
This paper proposes and implements a mixture model to account for the unobserved group heterogeneity when modeling repayment behavior in group lending. We discuss the model properties and identification. We estimate the model using a rich dataset from a group lending program in India. The...
Persistent link: https://www.econbiz.de/10012956160
This paper examines schools' decisions to sort students into different classes and how those sorting processes impact student achievement. There are two potential effects that result from schools creating homogeneous classes--a "tracking effect," which allows teachers to direct their focus to a...
Persistent link: https://www.econbiz.de/10013082792
Group lending has been widely adopted in the past thirty years by many microfinance institutions as a means to mitigate information asymmetries when delivering credit to the poor. This paper proposes an empirical method to address the potential omitted variable problem resulting from unobserved...
Persistent link: https://www.econbiz.de/10013082793
Persistent link: https://www.econbiz.de/10009759810
Persistent link: https://www.econbiz.de/10009727598
Persistent link: https://www.econbiz.de/10009727600
Group lending has been widely adopted in the past thirty years by many microfinance institutions as a means to mitigate information asymmetries when delivering credit to the poor. This paper proposes an empirical method to address the potential omitted-variable problem resulting from unobserved...
Persistent link: https://www.econbiz.de/10012974204
This paper extends Ghatak (1999)'s base model of group lending with asymmetric information by allowing individuals to differ both in their exogenous risk type and in their endogenous effort level. We find that joint liability leads to positive assortative matching in both a non-cooperative and a...
Persistent link: https://www.econbiz.de/10012952631
This paper examines schools' decisions to sort students into different classes and how those sorting processes impact student achievement. There are two potential effects that result from schools creating homogeneous classes--a "tracking effect," which allows teachers to direct their focus to a...
Persistent link: https://www.econbiz.de/10012459813