Augsburg, Britta, Caeyers, Bet, Giunti, Sara, Malde, Bansi, Smets, Susanna (2023) Labeled loans and human capital investments. Journal of Development Economics, 162 . Article Number 103053. ISSN 0304-3878. (doi:10.1016/j.jdeveco.2023.103053) (KAR id:99760)
PDF
Publisher pdf
Language: English
This work is licensed under a Creative Commons Attribution 4.0 International License.
|
|
Download (1MB)
Preview
|
Preview |
This file may not be suitable for users of assistive technology.
Request an accessible format
|
|
PDF
Author's Accepted Manuscript
Language: English Restricted to Repository staff only
This work is licensed under a Creative Commons Attribution 4.0 International License.
|
|
Contact us about this Publication
|
![]() |
Official URL: https://doi.org/10.1016/j.jdeveco.2023.103053 |
Abstract
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.
Item Type: | Article |
---|---|
DOI/Identification number: | 10.1016/j.jdeveco.2023.103053 |
Additional information: | For the purpose of open access, the author has applied a CC BY public copyright licence (where permitted by UKRI, an Open Government Licence or CC BY ND public copyright licence may be used instead) to any Author Accepted Manuscript version arising |
Uncontrolled keywords: | Credit constraints; Microcredit; Labels; Commitment device; Fungibility; Sanitation; Subsidies |
Subjects: |
H Social Sciences H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
Funders: | Economic and Social Research Council (https://ror.org/03n0ht308) |
Depositing User: | Bansi Malde |
Date Deposited: | 30 Jan 2023 10:08 UTC |
Last Modified: | 15 Mar 2023 15:12 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/99760 (The current URI for this page, for reference purposes) |
Malde, Bansi: | ![]() |
- Link to SensusAccess
- Export to:
- RefWorks
- EPrints3 XML
- BibTeX
- CSV
- Depositors only (login required):