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High transaction and contracting costs are often thought to create credit and savings market failures in developing … improved "technology" for managing informal, collaborative village-based savings groups. Such groups allow, in theory, for more … efficient and lower- cost loans and informal savings, and in practice have been scaled up by international non …
Persistent link: https://www.econbiz.de/10010951005
This paper presents the first evidence linking directly household consumption profiles to the widely studied institution of sharecropping in developing countries. On the one hand, the theoretical rationale for sharecropping often calls for its risk sharing properties. On the other hand empirical...
Persistent link: https://www.econbiz.de/10005248565
Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in...
Persistent link: https://www.econbiz.de/10005357712
Village-level aggregate shocks such as droughts and floods cannot be perfectly insured by risk sharing within a village. Then, what type of households are more vulnerable in terms of a decline in consumption when a village is hit by such natural disasters? This question is investigated in this...
Persistent link: https://www.econbiz.de/10009352197
Based on a pilot survey, we analyze the damages caused by floods in Pakistan, 2010, the istribution of aid, and the extent of recovery at he household level. With regard to the nature of damages, we show that flood damages had both between-village and within-village variation, and damages to...
Persistent link: https://www.econbiz.de/10009358615
Based on a second survey of villages and households one year after a pilot survey, we analyze the household-level recovery process from damage due to floods in Pakistan in 2010. With regard to initial recovery from flood damage, we find that households who had initially fewer assets and were hit...
Persistent link: https://www.econbiz.de/10010842017
Based on a panel survey conducted in rural Pakistan, this paper analyzes the extent to which households recovered from damage due to floods that hit the country in 2010. With regard to initial recovery, households who had initially fewer assets and were hit by greater flood damage had more...
Persistent link: https://www.econbiz.de/10010639508
Aggregate shocks such as droughts and floods cannot be perfectly insured by risk sharing within a village. Given this inability, what type of households are more vulnerable in terms of a decline in consumption when a village is hit by such shocks and what kind of microeconomic mechanism...
Persistent link: https://www.econbiz.de/10010639510
The economic literature has given due attention to household coping strategies in peacetime. In contrast, little is known about such strategies in wartime. This paper studies the use of cattle as a buffer stock by Rwandan households during 1991-2001, a period characterized by civil war and...
Persistent link: https://www.econbiz.de/10014223467
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. Our model of endogenous migration...
Persistent link: https://www.econbiz.de/10014094175