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Two sides of the same rupee? Comparing demand for microcredit and microsaving in a framed field experiment in rural Pakistan

Abstract:

We use a field experiment to test whether saving and borrowing satisfy demand for lump-sum accumulation from regular deposits. Inspired by ROSCAs, we offer different credit and savings contracts to subjects. We find that individuals often accept both credit and saving contract across experimental waves. This behaviour can be rationalised by assuming that individuals seek lump-sum payments and struggle to hold savings. Structural estimation of this model accounts for the behaviour of 75% of pa...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1111/ecoj.12512

Authors


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Institution:
University of Oxford
Oxford college:
St Antony's College
Role:
Author
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Grant:
Improving Institutions for Pro-Poor Growth (iiG
Publisher:
Wiley Publisher's website
Journal:
Economic Journal Journal website
Volume:
128
Issue:
614
Pages:
2161-2190
Publication date:
2017-11-21
Acceptance date:
2017-01-31
DOI:
EISSN:
1468-0297
ISSN:
0013-0133
Source identifiers:
686607
Pubs id:
pubs:686607
UUID:
uuid:04fd3ee7-42e2-4e04-aa8a-48609a5d7270
Local pid:
pubs:686607
Deposit date:
2017-03-22

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