The Economics of Roscas and Intrahousehold Resource Allocation

Anderson, Siwan; Baland, Jean‐Marie

doi:10.1162/003355302760193931

Cited by 446 publications

(305 citation statements)

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“…Based on his observations of village institutions in Africa, Platteau (2000) argues that reciprocal claims to financial assistance among clan members may encourage individuals to spend money faster and lower their incentives to save. A similar argument is made in the context of intra-household relations, in which women facing spousal pressure are less likely to save (Anderson and Baland 2002). We have not found any significant difference in the discount rate between married and single respondents.…”

Section: Correlates Of Discount Ratesupporting

confidence: 86%

The Impact of Education on Subjective Discount Rate in Ugandan Villages

Bauer

Chytilová

2010

Economic Development and Cultural Change

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in The Impact of Education on the Subjective Discount Rate in Ugandan VillagesMichal Bauer Julie Chytilová The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to decrease with education. We examine this correlation further by testing the causal effect of education and exploit two different sources of its variation: school frequency across villages and the number of the respondents' school-going years that overlap with the era of the dictator Idi Amin's rule. For men, we find that education has a significant impact on their discount rate, similar in magnitude for both types of instruments and robust to observable characteristics. This finding highlights the importance of education in development.JEL Classification: C93, D91, O12

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Section: Correlates Of Discount Ratesupporting

confidence: 86%

The Impact of Education on Subjective Discount Rate in Ugandan Villages

Bauer

Chytilová

2010

Economic Development and Cultural Change

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“…Several randomized evaluations are 28 Karlan (2003) argues that simultaneous borrowing and savings by many clients in these institutions can be explained by the value to the small business owner of the fixed repayment schedule as a discipline device. Gugerty (2000) and Anderson and Baland (2002) interpret rotating credit and savings (ROSCAs) institutions in this light.…”

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confidence: 99%

Growth Theory through the Lens of Development Economics

2004

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“…Furthermore, there is empirical evidence from microfinance programs and informal savings groups that women exhibit higher repayment rates than men (Morduch, 1999;Anderson and Baland, 2002). That is, independent from the principal's gender, principals may expect higher levels of trustworthiness from a female agent.…”

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confidence: 99%

Social distance and trust: Experimental evidence from a slum in Cairo

Binzel

Fehr

2013

Journal of Development Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.IZA Discussion Paper No. 7183 January 2013 ABSTRACT Social Distance and Trust: Experimental Evidence from a Slum in Cairo *While strong social ties help individuals cope with missing institutions, trade is essentially limited to those who are part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a member of a given social network (a friend), by comparing the determinants of these two decisions for the same individual. We implement a binary trust game with hidden action in a lab-in-the-field experiment with residents of an informal housing area in Cairo. Our results show that trust is higher among friends than among strangers and that higher trust among friends is related to the principal's belief of trustworthiness. However, on average a principal underestimates her friend's trustworthiness leading to inefficient outcomes. Our findings suggest that even within a social network, trade may often be limited to exchanges with few information asymmetries. JEL Classification:C72, C93, D82, O12

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The Economics of Roscas and Intrahousehold Resource Allocation

Cited by 446 publications

References 25 publications

The Impact of Education on Subjective Discount Rate in Ugandan Villages

The Impact of Education on Subjective Discount Rate in Ugandan Villages

Growth Theory through the Lens of Development Economics

Social distance and trust: Experimental evidence from a slum in Cairo

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