Labeled loans and human capital investments (accepted)
| Autor: | Augsburg, Britta, Caeyers, Bet, Giunti, Sara, Malde, Bansi, Smets, Susanna |
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| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| DOI: | 10.22024/unikent/01.02.99760.3359148 |
| Popis: | Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized controlled trial in rural India to test predictions from a theoretical model, providing novel evidence that labeled microcredit is effective in influencing household borrowing and investment decisions and increasing take-up of a lumpy human capital investment, a toilet. Author's Accepted Manuscript |
| Databáze: | OpenAIRE |
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