Liquidity constraints and willingness to pay for solar lamps and water filters in Jakarta
In: The European journal of development research, Band 30, Heft 4, S. 577-587
ISSN: 1743-9728
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In: The European journal of development research, Band 30, Heft 4, S. 577-587
ISSN: 1743-9728
World Affairs Online
In: The European journal of development research, Band 30, Heft 4, S. 577-587
ISSN: 1743-9728
In: The European Journal of Development Research, Band 30, Heft 4
SSRN
In: Evaluation review: a journal of applied social research, Band 41, Heft 6, S. 511-541
ISSN: 1552-3926
Background: Saving plays a crucial role in the process of economic growth. However, one main reason why poor people often do not save is that they lack financial knowledge. Improving the savings culture of children through financial education is a promising way to develop savings attitudes and behavior early in life. Objectives: This study is one of the first that examines the effects of social and financial education training and a children's club developed by Aflatoun on savings attitudes and behavior among primary school children in Uganda, besides Berry, Karlan, and Pradhan. Research design: A randomized phase in approach was used by randomizing the order in which schools implemented the program (school-level randomization). The treatment group consisted of students in schools where the program was implemented, while in the control group the program was not yet implemented. The program lasted 3 months including 16 hours. We compared posttreatment variables for the treatment and control group. Subjects: Study participants included 1,746 students, of which 936 students were from 22 schools that were randomly assigned to receive the program between May and July 2011; the remaining 810 students attended 22 schools that did not implement the program during the study period. Measures: Indicators for children's savings attitudes and behavior were key outcomes. Results: The intervention increased awareness of money, money recording, and savings attitudes. It also provides some evidence—although less robust—that the intervention increased actual savings. Conclusions: A short financial literacy and social training can improve savings attitudes and behavior of children considerably.
In: The journal of development studies, Band 51, Heft 6, S. 660-673
ISSN: 1743-9140
In: The journal of development studies: JDS, Band 51, Heft 6, S. 660-14
ISSN: 0022-0388
In: The journal of development studies: JDS, Band 51, Heft 6, S. 660-673
ISSN: 0022-0388
World Affairs Online
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 57, S. 148-163
In: Economics of Transition, Band 20, Heft 1, S. 73-111
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SSRN
Working paper
In: Economics of transition, Band 20, Heft 1, S. 73-111
ISSN: 1468-0351
AbstractThis study examines the impact of microcredit on household self‐employment profits in Vietnam. For two indicators of credit participation – a dichotomous participation dummy and the accumulated amount of microcredit received per household – the analysis reveals a positive effect on household profits. The analysis also reveals that an instrumental variable method within a fixed‐effects framework can control for the possible endogeneity of credit and thereby identify the true effect of credit.
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 39, Heft 6, S. 938-948
In: Economics of transition, Band 15, Heft 2, S. 181-209
ISSN: 1468-0351
AbstractThis paper compares lending policies of formal, informal and semiformal lenders with respect to household lending in Vietnam. The analysis suggests that the probability of using formal or semiformal credit increases if borrowers provide collateral, a guarantor and/or borrow for business‐related activities. The probability of using informal credit increases for female borrowers. It also appears that the probability of using formal credit increases in household welfare up to a certain threshold, but at a decreasing rate. In addition, the paper discerns the determinants of probability of default across lender types. Default risk of formal credit appears to be strongly affected by formal loan contract terms, e.g., loan interest rate and form of loan repayment, whereas default risk on informal loans is significantly related to the presence of propinquity and other internal characteristics of the borrowing household. Overall, the study raises several important implications for the screening, monitoring and enforcement instruments that may be employed by different types of lenders.
In: Topics in theoretical economics, Band 6, Heft 1
ISSN: 1534-598X
This paper focuses on the signalling role of debt maturity. The main novelty of the paper is that it analyzes a setting in which high quality firms use collateral as a complementary device along with debt maturity to signal their superiority. Model simulations suggest a non-monotonic relationship between firm quality and debt maturity, in which high quality firms have both long-term secured debt and short-term secured or non-secured debt and low quality firms have long-term unsecured debt. We provide some empirical evidence for this result based on debt contracts of the Asia Commercial Bank.
In: The economic journal: the journal of the Royal Economic Society, Band 115, Heft 506, S. 1005-1015
ISSN: 1468-0297