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Health Expenditure Financing as Incentive for Participation in ROSCAs

Author

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  • Kristiano Raccanello
  • Jayant Anand

Abstract

Rotating Savings and Credit Associations (ROSCAs) are a common informal saving method recognized as a social protection system that can be used to deal with the monetary consequences of different types of economic shocks. This paper tests the hypothesis that current participation in ROSCAs will be encouraged when funds saved during previous membership in such associations were useful for financing extraordinary as well as unexpected expenses related to health needs. The probit model estimation supports this hypothesis and also suggests that savings from ROSCAs used for preventive health services encourage further participation.

Suggested Citation

  • Kristiano Raccanello & Jayant Anand, 2009. "Health Expenditure Financing as Incentive for Participation in ROSCAs," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, September.
    • Handle: RePEc:col:000090:010955
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    File URL: http://economia.uniandes.edu.co/revistadys/Articulo64_7.pdf
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    Citations

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    Cited by:

    1. Ayşenur Demir & Ömer Alkan & Abdulbaki Bilgiç & Wojciech J. Florkowski & Abdulkerim Karaaslan, 2022. "Determinants of Turkish households' out‐of‐pocket expenditures on three categories of health care services: A multivariate probit approach," International Journal of Health Planning and Management, Wiley Blackwell, vol. 37(4), pages 2303-2327, July.
    2. Rediet Abebe & Adam Eck & Christian Ikeokwu & Samuel Taggart, 2022. "An Algorithmic Introduction to Savings Circles," Papers 2203.12486, arXiv.org.
    3. Volkert, Jürgen & Strotmann, Harald & Moczadlo, Regina, 2014. "Sustainable Human Development: Corporate challenges and potentials. The case of Bayer CropScience's cotton seed production in rural Karnataka (India)," UFZ Discussion Papers 5/2014, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).

    More about this item

    Keywords

    ROSCAs; health expenditures; informal health financing; vulnerability; Mexico;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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