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Rosca Participation in Benin : a Commitment Issue

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Author Info
Olivier Dagnelie (CRED - University of Namur)
Philippe LeMay (CRED - University of Namur)

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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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File URL: http://129.3.20.41/eps/dev/papers/0511/0511026.pdf
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Publisher Info
Paper provided by EconWPA in its series Development and Comp Systems with number 0511026.

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Length: 28 pages
Date of creation: 22 Nov 2005
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Handle: RePEc:wpa:wuwpdc:0511026

Note: Type of Document - pdf; pages: 28
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Web page: http://129.3.20.41

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Related research
Keywords: ROSCA self-control Benin Intra-Household Allocation Saving Household Survey Development Finance

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Find related papers by JEL classification:
G2 - Financial Economics - - Financial Institutions and Services
O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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    Other versions:
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  18. Handa, Sudhanshu & Kirton, Claremont, 1999. "The economics of rotating savings and credit associations: evidence from the Jamaican 'Partner'," Journal of Development Economics, Elsevier, vol. 60(1), pages 173-194, October. [Downloadable!] (restricted)
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  22. Philippe LeMay-Boucher, 2007. "Inside Beninese Households: How Spouses Manage their Personal Income," CERT Discussion Papers 0705, Centre for Economic Reform and Transformation, Heriot Watt University. [Downloadable!]
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  26. Guido W. Imbens, 2004. "Nonparametric Estimation of Average Treatment Effects Under Exogeneity: A Review," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 4-29, 06. [Downloadable!] (restricted)
    Other versions:
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