Arbeitspapier
Why use ROSCAs when you can use banks? Theory and evidence from Ethiopia
Much 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 5767
- Classification
-
Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- Subject
-
household saving
credit institutions
ROSCAs
Ethiopia
- Event
-
Geistige Schöpfung
- (who)
-
Kedir, Abbi M.
Disney, Richard
Dasgupta, Indraneel
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-20110621262
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kedir, Abbi M.
- Disney, Richard
- Dasgupta, Indraneel
- Institute for the Study of Labor (IZA)
Time of origin
- 2011
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