Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36765
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dc.contributor.authorBauer, Michalen_US
dc.contributor.authorChytilová, Julieen_US
dc.contributor.authorMorduch, Jonathanen_US
dc.date.accessioned2010-05-04en_US
dc.date.accessioned2010-07-23T09:31:31Z-
dc.date.available2010-07-23T09:31:31Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36765-
dc.description.abstractMicrocredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source, women with present-biased preferences are more likely than others to borrow through microcredit institutions. Microcredit contracts require loan repayments in regular, fixed installments and they harness peer pressure to encourage discipline. These innovations mirror mechanisms highlighted in behavioral approaches to saving, suggesting that microcredit's popularity stems partly from modes of encouragement and self-discipline absent in typical lending mechanisms.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x4901en_US
dc.subject.jelC93en_US
dc.subject.jelD91en_US
dc.subject.jelO12en_US
dc.subject.ddc330en_US
dc.subject.keywordTime preferenceen_US
dc.subject.keywordhyperbolic discountingen_US
dc.subject.keywordself-controlen_US
dc.subject.keywordloan contractsen_US
dc.subject.keywordmicrofinanceen_US
dc.subject.stwMikrofinanzierungen_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwWirtschaftspsychologieen_US
dc.subject.stwVerhaltenen_US
dc.subject.stwLändlicher Raumen_US
dc.subject.stwKarnatakaen_US
dc.subject.stwIndienen_US
dc.titleBehavioral foundations of microcredit: Experimental and survey evidence from rural Indiaen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn625193032en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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