| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12666 |
| DP12666 Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines | |
| Dean Karlan; Sendhil Mullainathan; Benjamin N. Roth | |
| 发表日期 | 2018-01-30 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such practices is important for understanding financial decision-making of households in dire circumstances, and also for setting appropriate consumer protection policies. We conduct a simple experiment in three sites in which we paid off high-interest moneylender debt of individuals. Most borrowers returned to debt within six weeks. One to two years after intervention, treatment individuals were borrowing at the same rate as control households. |
| 主题 | Development Economics ; Financial Economics |
| 关键词 | Debt Moneylender Household finance |
| URL | https://cepr.org/publications/dp12666 |
| 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/541478 |
| 推荐引用方式 GB/T 7714 | Dean Karlan,Sendhil Mullainathan,Benjamin N. Roth. DP12666 Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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