Donoso, Sebastian Baixeras; Altunbaş, Yener; Kara, Alper - In: Journal of Developing Areas 45 (2011) Single, pp. 191-208
We investigate the determinants of rosca participation in Bolivia by using a sample of 5,746 households. Evidence shows that in Bolivia rosca is a consumption driven phenomenon. The probability of participating in roscas increases parallel to households' income. Middle-income families with more...