Commitments to Save: A Field Experiment in Rural Malawi

@article{Brune2011CommitmentsTS,
  title={Commitments to Save: A Field Experiment in Rural Malawi},
  author={Lasse Brune and Xavier Gin{\'e} and Jessica Goldberg and Dean Yang},
  journal={Agricultural \& Natural Resource Economics eJournal},
  year={2011}
}
This paper reports the results of a field experiment that randomly assigned smallholder cash crop farmers formal savings accounts. In collaboration with a microfinance institution in Malawi, the authors tested two primary treatments, offering either: 1)"ordinary"accounts, or 2) both ordinary and"commitment"accounts. Commitment accounts allowed customers to restrict access to their own funds until a future date of their choosing. A control group was not offered any account but was tracked… Expand
Direct Effects of Formal Savings Adoption on Agricultural Investments Among the Poor: Experimental Evidence from Malawi
This study uses a large randomized field experiment on formal savings adoption in Malawi to identify the effects of high-liquidity savings accounts on agricultural investment decisions and householdExpand
Escaping the Poverty Trap: Formal Savings and Asset Accumulation in Rural Malawi
Formal savings accounts can be an effective device for households to accumulate assets over time and thus have more funds available to better afford an expensive one-time payment, in the form ofExpand
Access to savings accounts and poor households’ behavior: Evidence from a field experiment in Nepal∗
Savings can provide an important pathway out of poverty. Unfortunately the majority of the poor lack access to formal bank accounts, and have to use costly informal savings mechanisms. Would poorExpand
Do basic savings accounts help the poor to save? Evidence from a field experiment in Nepal∗
Recent studies have shown that the majority of the poor lack access to formal banking services of any kind and have emphasized the importance of enabling savings. Does access to a formal savingsExpand
Nudging Farmers to Use Fertilizer: Theory and Experimental Evidence from Kenya
While many developing-country policymakers see heavy fertilizer subsidies as critical to raising agricultural productivity, most economists see them as distortionary, regressive, environmentallyExpand
Household Response to Income Changes: Evidence from an Unconditional Cash Transfer Program in Kenya ∗
This paper studies the response of poor rural households in rural Kenya to large temporary income changes. Using a randomized controlled trial, households were randomly assigned to receiveExpand
Credit Access , Multiple Sources of Borrowings and Household Wellbeing : The Case of Eleven Villages in Cambodia Final report
This paper uses a panel data of eleven, mainly rural, villages in Cambodia collected between 2011 and 2014 to investigate impacts of microcredit on a set of outcomes: paddy quantity and income,Expand
Financial Intermediation and Poverty Trap Dynamics over the Life Cycle
In this paper, we analyze poverty traps that emerge because farmers are unable to afford the adoption and retention of higher-productivity technologies that are risky and require lumpy investments.Expand
Segmentation of smallholder households : meeting the range of financial needs in agricultural families
This paper examines the challenge of providing financial services that support the multiple goals of rural households, including those related to their more universal, general household needs andExpand
Under-Investment in a Profitable Technology: The Case of Seasonal Migration in Bangladesh
Hunger during pre-harvest lean seasons is widespread in the agrarian areas of Asia and Sub-Saharan Africa. We randomly assign an $8.50 incentive to households in rural Bangladesh to temporarilyExpand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 80 REFERENCES
Do basic savings accounts help the poor to save? Evidence from a field experiment in Nepal∗
Recent studies have shown that the majority of the poor lack access to formal banking services of any kind and have emphasized the importance of enabling savings. Does access to a formal savingsExpand
Nudging Farmers to Use Fertilizer: Theory and Experimental Evidence from Kenya
While many developing-country policymakers see heavy fertilizer subsidies as critical to raising agricultural productivity, most economists see them as distortionary, regressive, environmentallyExpand
Micro-Savings & Informal Insurance in Villages: How Financial Deepening Affects Safety Nets of the Poor - A Natural Field Experiment
This paper uses a large natural field experiment to identify the effects of formal savings on interhousehold transfers in villages, and the spillover impacts of service-expansion on de factoExpand
When is Capital Enough to Get Female Enterprises Growing? Evidence from a Randomized Experiment in Ghana
Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest inExpand
Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now toExpand
When is Capital Enough to Get Female Microenterprises Growing? Evidence from a Randomized Experiment in Ghana
Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest inExpand
The microfinance promise
In the past decade, microfinance programs have demonstrated that it is possible to lend to low-income households while maintaining high repayment rates--even without requiring collateral. TheExpand
Expanding Microenterprise Credit Access: Using Randomized Supply Decisions to Estimate the Impacts in Manila
Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field experiment and follow-up survey to measure impacts of a credit expansion forExpand
Intrahousehold Preference Heterogeneity , Commitment , and Strategic Savings ∗
This paper develops and tests a model of household bargaining where heterogeneity in discount factors drives inefficient savings behavior. The model highlights that when discount factors differ andExpand
Pretending to be poor : borrowing to escape forced solidarity in credit cooperatives in Cameroon
From field observations of credit cooperatives in Cameroon, we find that a substantial number of members take loans that are fully collateralized by savings they held in the same institutions. 20% ofExpand
...
1
2
3
4
5
...