G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w20600
来源IDWorking Paper 20600
Saving for a (not so) Rainy Day: A Randomized Evaluation of Savings Groups in Mali
Lori Beaman; Dean Karlan; Bram Thuysbaert
发表日期2014-10-20
出版年2014
语种英语
摘要High transaction and contracting costs are often thought to create credit and savings market failures in developing countries. The microfinance movement grew largely out of business process innovations and subsidies that reduced these costs. We examine an alternative approach, one that infuses no external capital and introduces no change to formal contracts: an improved "technology" for managing informal, collaborative village-based savings groups. Such groups allow, in theory, for more efficient and lower- cost loans and informal savings, and in practice have been scaled up by international non-profit organizations to millions of members. Individuals save together and then lend the accumulated funds back out to themselves. In a randomized evaluation in Mali, we find improvements in food security, consumption smoothing, and buffer stock savings. Although we do find suggestive evidence of higher agricultural output, we do not find overall higher income or expenditure. We also do not find downstream impacts on health, education, social capital, and female decision-making power. Could this have happened before, without any external intervention? Yes. That is what makes the result striking, that indeed there were no resources provided nor legal institutional changes, yet the NGO-guided, improved informal processes led to important changes for households.
主题Microeconomics ; Households and Firms ; Behavioral Economics ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w20600
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578274
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Lori Beaman,Dean Karlan,Bram Thuysbaert. Saving for a (not so) Rainy Day: A Randomized Evaluation of Savings Groups in Mali. 2014.
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