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Banerjee, Abhijit; Duflo, Esther - C.E.P.R. Discussion Papers - 2006

This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income...

Persistent link: https://www.econbiz.de/10005497941

Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714

Temin, Peter; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2004

If in general, financial deepening aids economic growth, then financial repression should be harmful. We use a natural experiment – the change in the English usury laws in 1714 – to analyse the effects of interest rate restrictions. Based on a sample of individual loan transactions, we...

Persistent link: https://www.econbiz.de/10005662086

Patience Capital and the Demise of the Aristocracy

Doepke, Matthias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2005

We model the decision problem of a parent who chooses an occupation and invests in the patience of her children. The two choices complement each other: patient individuals choose occupations with a steep income profile; a steep income profile, in turn, leads to a strong incentive to invest in...

Persistent link: https://www.econbiz.de/10005661955

Women, Medieval Commerce, and the Education Gender Gap

Bertocchi, Graziella; Bozzano, Monica - C.E.P.R. Discussion Papers - 2013

We investigate the historical determinants of the education gender gap in Italy in the late nineteenth century, immediately following the country’s Unification. We use a comprehensive newly-assembled database including 69 provinces over twenty-year sub-samples covering the 1861-1901 period. We...

Persistent link: https://www.econbiz.de/10011083417

Family Structure and the Education Gender Gap: Evidence from Italian Provinces

Bertocchi, Graziella; Bozzano, Monica - C.E.P.R. Discussion Papers - 2014

We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....

Persistent link: https://www.econbiz.de/10011083675

The Age of Mass Migration: Economic and Institutional Determinants

Bertocchi, Graziella; Strozzi, Chiara - C.E.P.R. Discussion Papers - 2007

We study the determinants of 19th century mass migration with special attention to the role of institutional factors beside standard economic fundamentals. We find that economic forces associated with income and demographic differentials had a major role in the determination of this historical...

Persistent link: https://www.econbiz.de/10005124196

The miracle of microfinance? Evidence from a randomized evaluation

Banerjee, Abhijit; Duflo, Esther; Glennerster, Rachel; … - C.E.P.R. Discussion Papers - 2013

of a particular microfinance institution (Spandana) while the remainder were not, although other MFIs were free to enter …. We found no changes in any of the development outcomes that are often believed to be affected by microfinance, including …

Persistent link: https://www.econbiz.de/10011084414

The Diffusion of Microfinance

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

Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco

Crépon, Bruno; Devoto, Florencia; Duflo, Esther; … - C.E.P.R. Discussion Papers - 2014

Morocco starting in 2006 by Al Amana, the country’s largest microfinance institution. Al Amana was the only MFI operating in …

Persistent link: https://www.econbiz.de/10011084580

(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