| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6199 |
| DP6199 The Effect of Location on Finding a Job in the Paris Region | |
| Thierry Magnac; Harris Selod; Laurent Gobillon | |
| 发表日期 | 2007-03-16 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | 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 transaction costs when lending to the poor by providing incentives for peers to screen, monitor and enforce each other?s loans. However, some argue that group liability creates excessive pressure and discourages good clients from borrowing, jeopardizing both growth and sustainability. Therefore, it remains unclear whether group liability improves the lender?s overall profitability and the poor?s access to financial markets. We worked with a bank in the Philippines to conduct a field experiment to examine these issues. We randomly assigned half of the 169 pre-existing group liability 'centres' of approximately twenty women to individual-liability centres (treatment) and kept the other half as-is with group liability (control). We find that the conversion to individual liability does not affect the repayment rate, and leads to higher growth in centre size by attracting new clients. |
| 主题 | Development Economics |
| 关键词 | Group liability Informal economies Joint liability Microfinance Micro-enterprises Social capital |
| URL | https://cepr.org/publications/dp6199 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535034 |
| 推荐引用方式 GB/T 7714 | Thierry Magnac,Harris Selod,Laurent Gobillon. DP6199 The Effect of Location on Finding a Job in the Paris Region. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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