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ROSCA Participation in Benin: A Commitment Issue

Author

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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 (ROSCAs). We provide empirical findings which lead us to think that the main reason why individuals join a ROSCA is to commit themselves against self-control problems.

Suggested Citation

  • Olivier Dagnelie & Philippe LeMay-Boucher, 2007. "ROSCA Participation in Benin: A Commitment Issue," CERT Discussion Papers 0708, Centre for Economic Reform and Transformation, Heriot Watt University.
    • Handle: RePEc:hwe:certdp:0708
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    References listed on IDEAS

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    7. Philippe LeMay-Boucher, 2007. "Insurance for the Poor: The Case of Informal Insurance Groups in Benin," CERT Discussion Papers 0707, Centre for Economic Reform and Transformation, Heriot Watt University.
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    19. 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.
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    Cited by:

    1. Philippe LeMay-Boucher, 2007. "Insurance for the Poor: The Case of Informal Insurance Groups in Benin," CERT Discussion Papers 0707, Centre for Economic Reform and Transformation, Heriot Watt University.
    2. Muhammad Saqib & Sajjad Ahmad & Naila Nazir, 2017. "Informal Saving Organizations in Pakistan," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(8), pages 388-397, August.
    3. Karna Basu, 2011. "Hyperbolic Discounting and the Sustainability of Rotational Savings Arrangements," American Economic Journal: Microeconomics, American Economic Association, vol. 3(4), pages 143-171, November.
    4. 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.

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    More about this item

    Keywords

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    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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