通过储蓄释放信贷效益

IF 5.1 1区经济学 Q1 ECONOMICS

Journal of Development Economics Pub Date : 2024-08-08 DOI:10.1016/j.jdeveco.2024.103346

Sanghamitra Warrier Mukherjee , Lauren Falcao Bergquist , Marshall Burke , Edward Miguel

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引用次数: 0

摘要

事实证明，获得小额信贷只能为受惠家庭带来微薄的平均收益。我们研究了金融市场的其他摩擦--尤其是缺乏安全的储蓄场所--是否会限制信贷的收益。通过与肯尼亚农民合作，我们将获得简单储蓄产品和收获期贷款的机会进行交叉随机分配。在贷款接受者中，额外提供的储蓄保险箱使农业投资增加了 11%，家庭消费增加了 7%。结果表明，金融市场的摩擦会以重要的方式相互作用，多方面的金融获取计划可能会释放出动态的家庭收益。

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Unlocking the benefits of credit through saving

Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions – in particular, lack of access to a safe place to save – might limit credit’s benefits. Working with Kenyan farmers, we cross-randomize access to a simple savings product with a harvest-time loan. Among loan offer recipients, the additional offer of a savings lockbox increased farm investment by 11% and household consumption by 7%. Results suggest that financial market frictions can interact in important ways and that multifaceted financial access programs might unlock dynamic household gains.

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来源期刊

Journal of Development Economics ECONOMICS-

CiteScore

8.30

自引率

4.00%

发文量

126

审稿时长

72 days

期刊介绍： The Journal of Development Economics publishes papers relating to all aspects of economic development - from immediate policy concerns to structural problems of underdevelopment. The emphasis is on quantitative or analytical work, which is relevant as well as intellectually stimulating.