Rosca Participation in Benin: a Commitment Issue

In the light of first-hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit Associations. We provide anecdotal pieces of evidence, descriptive statistics, FIML regressions and matching estimates which tend to indicate that most individuals use their participation in a rosca as a device to commit themselves to save money and to deal with self-control problems.

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Year of publication:	2008-02
Authors:	Dagnelie, Olivier ; LeMay-Boucher, Philippe
Institutions:	Barcelona Graduate School of Economics (Barcelona GSE)
Subject:	ROSCA \| self-control \| commitment device \| Benin

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 339
Classification:	G2 - Financial Institutions and Services ; O16 - Financial Markets; Saving and Capital Investment ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010547135