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dc.contributor.authorKedir, Abbi M.en_US
dc.contributor.authorDisney, Richarden_US
dc.contributor.authorDasgupta, Indraneelen_US
dc.description.abstractMuch of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving Associations) theorises the use of such institutions as arising from market failures in the development of formal saving and credit mechanisms. As economic development proceeds, formal institutions might therefore be expected to displace ROSCAs. We show, using household data for Ethiopia, that in fact use of formal institutions and ROSCAs can co-exist, even in the same household. We examine usage of both formal and informal institutions across the household income gradient, and provide a theoretical model consistent with these empirical facts.en_US
dc.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5767en_US
dc.subject.keywordhousehold savingen_US
dc.subject.keywordcredit institutionsen_US
dc.titleWhy use ROSCAs when you can use banks? Theory and evidence from Ethiopiaen_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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