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Market Structure and Borrower Welfare in Microfinance

de Quidt, Jonathan; Fetzer, Thiemo; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2012

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …

Persistent link: https://www.econbiz.de/10011083818

Banerjee, Abhijit; Chandrasekhar, Arun G; Duflo, Esther; … - C.E.P.R. Discussion Papers - 2012

We examine how participation in a microfinance program diffuses through social networks. We collected detailed … demographic and social network data in 43 villages in South India before microfinance was introduced in those villages and then … first informed about the program, "the injection points". Microfinance participation is higher when the injection points …

Persistent link: https://www.econbiz.de/10011084550

(Measured) Profit is Not Welfare: Evidence from an Experiment on Bundling Microcredit and Insurance

Banerjee, Abhijit; Duflo, Esther; Hornbeck, Richard - C.E.P.R. Discussion Papers - 2014

We investigate the puzzle of microfinance: that loans generate large measured returns for businesses, yet loan take …-up is low and the businesses often close. We analyze a randomized trial that bundled microfinance loans with a cheap health … business losses, rather than pay modest insurance premiums, implies the substantial financial gains from microfinance loans are …

Persistent link: https://www.econbiz.de/10011084607

Group versus Individual Liability: A Field Experiment in the Philippines

Giné, Xavier; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower...

Persistent link: https://www.econbiz.de/10005656151

Social Connections and Group Banking

Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi random group formation process to find evidence of peers successfully...

Persistent link: https://www.econbiz.de/10005791873

Female Empowerment: Impact of a Commitment Savings Product in the Philippines

Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - C.E.P.R. Discussion Papers - 2007

development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering …

Persistent link: https://www.econbiz.de/10005792103

Dispersion in the Economic Return to Schooling

Harmon, Colm; Hogan, Vincent; Walker, Ian - C.E.P.R. Discussion Papers - 2001

In this Paper we extend the standard human capital earnings function to include dispersion in the rate of return to schooling by treating the return as a random coefficient. One motivation is that if dipping further into the ability distribution has brought about the increase in supply of...

Persistent link: https://www.econbiz.de/10005504359

Cannabis Use and Support for Cannabis Legalization

Palali, Ali; Ours, Jan C van - C.E.P.R. Discussion Papers - 2014

We investigate the determinants of the support for cannabis legalization finding a causal effect of personal experience with cannabis use. Current and past cannabis users are more in favor of legalization. We relate this to self-interest and inside information about potential dangers of cannabis...

Persistent link: https://www.econbiz.de/10011083221

Endogenous Product Choice: A Progress Report

Crawford, Gregory S - C.E.P.R. Discussion Papers - 2012

Empirical models of differentiated product demand are widely used by both academics and practitioners. While these methods treat carefully the potential endogeneity of price, until recently they have assumed the number and characteristics of the products offered by firms are exogenous. This...

Persistent link: https://www.econbiz.de/10011083400

Distance to cannabis-shops and age of onset of cannabis use

Palali, Ali; Ours, Jan C van - C.E.P.R. Discussion Papers - 2013

In the Netherlands cannabis use is quasi-legalized. Small quantities of cannabis can be bought in cannabis-shops. We investigate how the distance to the nearest cannabis-shop affects the age of onset of cannabis use. We use a Mixed Proportional Hazard rate framework to take account of observable...

Persistent link: https://www.econbiz.de/10011084093