Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals’ preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru’s pension system, and draw insights from their affiliation and contribution...

A large literature describes how local risk sharing networks can help individuals smooth consumption in the face of idiosyncratic economic shocks. However, when an entire community faces a large covariate shock, and when the transaction costs of transfers are high, these risk sharing networks...

This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...

Depuis que la gouvernance compte, l’Indice de perception de la corruption construit par Transparency International (TI) est devenu l’indicateur le plus influent dans son domaine. Chaque année, un classement est ainsi établi, pointant du doigt les pays perçus comme les plus corrompus par...

La mesure de la gouvernance est une source d’occupation relativement nouvelle pour les économistes. Le World Bank Institute a ouvert la voie à la fin des années 90 avec la désormais célèbre suite “Governance Matters”, I, II, III, IV… Le peu d’imagination de KKZ1 dans le choix du...

L’indice de perception de la corruption de Transparency International (TI) est le plus célèbre des indicateurs de corruption depuis sa première publication, en 1995. Cet indicateur est également considéré comme la plus robuste des mesures de ce fléau. Cependant, puisque il s’agit...

This paper provides evidence from one of the poorest countries of the world that the institutions of property rights, in particular related to land, are of crucial importance for investment and growth. In Ethiopia , with all land state-owned, the threat of land redistribution never appears far...

This paper tests the external validity of a simple Dictator Game as a laboratory analogue for a naturally occurring policy-relevant decision-making context. In Uganda, where teacher absenteeism is a problem, primary school teachers’ allocations to parents in a Dictator Game are positively but...

Households in developing countries use a variety of informal mechanisms to cope with risk, including mutual support and risk-sharing. These mechanisms cannot avoid that they remain vulnerable to shocks. Public programs in the form of food aid distribution and food-for-work programs are meant to...

A funeral is a costly occasion. This paper studies indigenous insurance institutions developed to cope with the high costs of funerals, based on evidence from rural areas in Tanzania and Ethiopia. These institutions are based on well-defined rules and regulations, often offering premium-based...