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Rosca Participation in Benin: A Commitment Issue

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  • Olivier Dagnelie
  • Philippe Lemay‐Boucher

Abstract

In the light of first-hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit ASsociations. We provide empirical findings which indicate that individuals use their participation in a rosca as a device to discipline themselves to save money and commit against problems of self-control.

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Bibliographic Info

Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics and Statistics.

Volume (Year): 74 (2012)
Issue (Month): 2 (04)
Pages: 235-252

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Handle: RePEc:bla:obuest:v:74:y:2012:i:2:p:235-252

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References

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Cited by:
  1. Kedir, Abbi M. & Disney, Richard & Dasgupta, Indraneel, 2011. "Why Use ROSCAs When You Can Use Banks? Theory and Evidence from Ethiopia," IZA Discussion Papers 5767, Institute for the Study of Labor (IZA).
  2. Karna Basu, 2011. "Hyperbolic Discounting and the Sustainability of Rotational Savings Arrangements," American Economic Journal: Microeconomics, American Economic Association, vol. 3(4), pages 143-71, November.
  3. Adelman, Sarah, 2013. "Keep your friends close: The effect of local social networks on child human capital outcomes," Journal of Development Economics, Elsevier, vol. 103(C), pages 284-298.
  4. A. Lasagni & E. Lollo, 2011. "Participation in Rotating Savings and Credit Associations in Indonesia: New Empirical Evidence on Social Capital," Economics Department Working Papers 2011-EP05, Department of Economics, Parma University (Italy).
  5. Basu, Karna, 2014. "Commitment savings in informal banking markets," Journal of Development Economics, Elsevier, vol. 107(C), pages 97-111.

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