Behavioral foundations of microcredit: Experimental and survey evidence from rural India

American Economic Review

Volumn 102, Issue 2, 2012, Pages 1118-1139

  Bauer, Michal ^a   Chytilová, Julie ^a   Morduch, Jonathan ^b  

^a CHARLES UNIVERSITY   (Czech Republic)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84862499874     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.102.2.1118     Document Type: Review

References (31)

1. Ainslie, George W. 1992. Picoeconomics: The Strategic Interaction of Successive Motivational States Within the Person. Cambridge, UK: Cambridge University Press.
2. Ameriks, John, Andrew Caplin, John Leahy, and Tom Tyler. 2007. "Measuring Self-Control Problems." American Economic Review 97(3):966-72.
3. Andersen, Steffen, Glenn W. Harrison, Morten I. Lau, and E. Elisabet Rutstrom. 2008. "Eliciting Risk and Time Preferences." Econometrica 76(3):583-618.
4. Anderson, Siwan, and Jean-Marie Baland. 2002. "The Economics of Roscas and Intrahousehold Resource Allocation. " Quarterly Journal of Economics 117(3):963-95.
5. Armendáriz de Aghion, Beatriz, and Jonathan Morduch. 2005. The Economics of Microfinance. Cambridge, MA: MIT Press.
6. Ashraf, Nava, Dean Karlan, and Wesley Yin. 2006. "Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines." Quarterly Journal of Economics 121(2):635-72. (Pubitemid 43668216)
7. Baland, Jean-Marie, Rohini Somanathan, and Lore Vandewalle. 2008. "Microfinance Lifespans: A Study of Attrition and Exclusion in Self-Help Groups in India." India Policy Forum 4:159-210.
8. Basu, Karna. 2008. "A Behavioral Model of Simultaneous Borrowing and Saving." http://urban.hunter.cuny.edu/~basu/research.htm (accessed January 27, 2012).
9. Bauer, Michal, and Julie Chytilová. 2010. "The Impact of Education on Subjective Discount Rate in Ugandan Villages." Economic Development and Cultural Change 58(4):643-69.
10. Bauer, Michal, Julie Chytilová, and Jonathan Morduch. 2012. "Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India: Dataset." American Economic Review. http://dx.doi.org/10. 1257/aer.102.2.1118.
11. Bhadra, Sagar. 2009. "Nabard to Focus on 13 States for SHG-bank Linkage Programme." Hindu Business Line. http://www.thehindubusinessline. com/2009/11/30/stories/2009113050231000.htm.
12. Binswanger, Hans P. 1980. "Attitudes Toward Risk: Experimental Measurement in Rural India." American Journal of Agricultural Economics 62(3):395-407.
13. Collins, Daryl, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven. 2009. Portfolios of the Poor: How the World's Poor Live on $2 a Day. Princeton, NJ: Princeton University Press.
14. Consultative Group to Assist the Poor. 2007. "Sustainability of Self-Help Groups in India: Two Analyses." CGAP Occasional Paper 12.
15. Duflo, Esther, Michael Kremer, and Jonathan Robinson. 2009. "Nudging Farmers to Use Fertilizer: Theory and Experimental Evidence from Kenya." American Economic Review 101(6):2350-90.
16. Field, Erica, and Rohini Pande. 2008. "Repayment Frequency and Default in Microfinance: Evidence from India." Journal of the European Economic Association 6(2-3):501-09.
17. Frederick, Shane, George Loewenstein, and Ted O'Donoghue. 2002. "Time Discounting and Time Preference: A Critical Review." Journal of Economic Literature 40(2):351-401.
18. Ghatak, Maitreesh, and Timothy W. Guinnane. 1999. "The Economics of Lending with Joint Liability: Theory and Practice." Journal of Development Economics 60(1):195-228. (Pubitemid 30014996)
19. Giné, Xavier, and Dean Karlan. 2009. "Group Versus Individual Liability: Long Term Evidence from Philippine Microcredit Lending Groups." Yale University Economic Growth Center Discussion Paper 970.
20. Gugerty, Mary Kay. 2007. "You Can't Save Alone: Commitment in Rotating Savings and Credit Associations in Kenya." Economic Development and Cultural Change 55(2):251-82. (Pubitemid 46128597)
21. Harrison, Glenn W., Morten I. Lau, and Melonie B. Williams. 2002. "Estimating Individual Discount Rates in Denmark: A Field Experiment." American Economic Review 92(5):1606-17.
22. Laibson, David. 1997. "Golden Eggs and Hyperbolic Discounting." Quarterly Journal of Economics 112(2):443-77.
23. Meier, Stephan, and Charles Sprenger. 2010. "Present-Biased Preferences and Credit Card Borrowing." American Economic Journal: Applied Economics 2(1):193-210.
24. Mullainathan, Sendhil. 2005."Development Economics through the Lens of Psychology." In Annual World Bank Conference on Development Economics 2005: Lessons of Experience, edited by F. Bourguignon and B. Pleskovic, 45-70. Oxford: Oxford University Press.
25. O'Donoghue, Ted, and Matthew Rabin. 1999. "Doing It Now or Later." American Economic Review 89(1):103-24.
26. Rutherford, Stuart. 2000. The Poor and Their Money. Oxford: Oxford University Press.
27. Seibel, Hans D., and Stefan Karduck. 2005. "Transaction Costs of Self-help Groups: A Study of NABARD's SHG Banking Programme in India." In Financial Growth in India and China, edited by Alagiri Dhandapani, 196-220. Hyderabad, India: Institute of Chartered Financial Analysts of India University Press.
28. Strotz, R. H. 1956. "Myopia and Inconsistency in Dynamic Utility Maximization. " Review of Economic Studies 23(3):165-80.
29. Tanaka, Tomomi, Colin F. Camerer, and Quang Nguyen. 2010. "Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam." American Economic Review 100(1):557-71.
30. Wilson, Kim. 2006. "Self Help Groups in India; A Study of the Lights and Shades." http://india.microsave.org/sites/default/files/SHGs-in-India- A-Study-of-Lights-and-Shades-of-SHGs-O.pdf (accessed January 27, 2012).
31. Yunus, Muhammad. 2002. "Toward Eliminating Poverty from the World: Grameen Bank Experience." In Making Progress: Essays in Progress and Public Policy, edited by C. L. Anderson and J. W. Looney, 371-78. Lanham, MD: Lexington Books.