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We explain trends in dowry levels in Bangladesh by drawing attention to an institutional feature of marriage contracts previously ignored in the literature: mehr or traditional Islamic bride-price. We develop a model of marriage contracts in which mehr serves as a barrier to husbands exiting...
Persistent link: https://www.econbiz.de/10008755015
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Do the repayment requirements of the classic microfinance contract inhibit investment in high-return but illiquid business opportunities among the poor? Using a field experiment, we compare the classic contract which requires that repayment begin immediately after loan disbursement to a contract...
Persistent link: https://www.econbiz.de/10010815649
We posit that household decision-making over fertility is characterized by moral hazard since most contraception can only be perfectly observed by the woman. Using an experiment in Zambia that varied whether women were given access to contraceptives alone or with their husbands, we find that...
Persistent link: https://www.econbiz.de/10010788947
The most commonly used measure of reproductive behavior is the total fertility rate (TFR), which is a measure of the number of children born per woman. However, almost no work exists measuring the fertility behavior of men. In this paper we use survey data from several recent waves of the...
Persistent link: https://www.econbiz.de/10011145456
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This paper examines the influence of educational debt aversion on the career choice of law school students, including the decision to attend law school and the decision to work in public interest law. To isolate the role of debt aversion, I analyze experimental data from NYU Law School%u2019s...
Persistent link: https://www.econbiz.de/10005774885
This paper examines the effect of changes in tenure security on residential investment in urban squatter neighborhoods. To address the endogeneity of property rights, I make use of variation in ownership status induced by a nationwide titling program in Peru. In a difference-in-difference...
Persistent link: https://www.econbiz.de/10005814571
In stark contrast to bank debt contracts, most micro-finance contracts require that repayments start nearly immediately after loan disbursement and occur weekly thereafter. Even though economic theory suggests that a more flexible repayment schedule would benefit clients and potentially improve...
Persistent link: https://www.econbiz.de/10005737334
This paper examines the influence of psychological responses to debt on career choices from an experiment in which alternative financial aid packages were assigned by lottery to a set of law school admits. The packages had equivalent monetary value, but one required the student to take on a loan...
Persistent link: https://www.econbiz.de/10005757010