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Rosca Participation in Benin : a Commitment Issue

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  • Olivier Dagnelie

    (CRED - University of Namur)

  • Philippe LeMay

    (CRED - University of Namur)

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://128.118.178.162/eps/dev/papers/0511/0511026.pdf
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Bibliographic 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
Date of revision:
Handle: RePEc:wpa:wuwpdc:0511026

Note: Type of Document - pdf; pages: 28
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Web page: http://128.118.178.162

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

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References

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Citations

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Cited by:
  1. Basu, Karna, 2014. "Commitment savings in informal banking markets," Journal of Development Economics, Elsevier, Elsevier, vol. 107(C), pages 97-111.
  2. A. Lasagni & E. Lollo, 2011. "Participation in Rotating Savings and Credit Associations in Indonesia: New Empirical Evidence on Social Capital," Economics Department Working Papers, Department of Economics, Parma University (Italy) 2011-EP05, Department of Economics, Parma University (Italy).
  3. Basu, Karna, 2008. "Hyperbolic discounting and the sustainability of rotational savings arrangements," MPRA Paper 20440, University Library of Munich, Germany.
  4. Adelman, Sarah, 2013. "Keep your friends close: The effect of local social networks on child human capital outcomes," Journal of Development Economics, Elsevier, Elsevier, vol. 103(C), pages 284-298.
  5. Abbi Kedir & Richard Disney & Indraneel Dasgupta, . "Why Use Roscas When You Can Use Banks? Theory And Evidence From Ethiopia," Discussion Papers 11/05, University of Nottingham, CREDIT.

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