like credit, savings, and managerial constraints. Using panel data, this study identifies subgroups that would benefit by … an intervention aiming to alleviate constraints. Two obstacles are associated with lower investments: saving with others … interventions aiming to reduce savings or managerial constraints could be effective when targeting the correct subgroups. …

prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …