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Savings In The Absence Of Functioning Property Rights

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  • Nick Silver
  • Emmanuel Acquaah
  • Oskari Juurikkala

Abstract

Nigeria is a prime example of a developing country with ill‐defined property rights. However, people still manage to save, mostly through traditional and informal means, facilitated by strong family and community institutions. This paper argues that the government should concentrate on strengthening these institutions rather than weakening them by imposing an inappropriate, Western‐style, formal pensions system on the country.

Suggested Citation

  • Nick Silver & Emmanuel Acquaah & Oskari Juurikkala, 2007. "Savings In The Absence Of Functioning Property Rights," Economic Affairs, Wiley Blackwell, vol. 27(1), pages 71-75, March.
    • Handle: RePEc:bla:ecaffa:v:27:y:2007:i:1:p:71-75
    DOI: 10.1111/j.1468-0270.2007.00713.x
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    References listed on IDEAS

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    1. Ambec, S. & Treich, N., 2003. "Roscas as financial agreements to cope with social pressure," Working Papers 200301, Grenoble Applied Economics Laboratory (GAEL).
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    Cited by:

    1. Philip Booth & Nick Silver, 2008. "Editorial: New Perspectives On The Economics And Politics Of Ageing," Economic Affairs, Wiley Blackwell, vol. 28(1), pages 2-3, March.

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