Rosca Participation in Benin: A Commitment Issue

18 Pages Posted: 10 Feb 2012

See all articles by Olivier Dagnelie

Olivier Dagnelie

Spanish Council for Scientific Research (CSIC) - Insitute for Economic Analysis

Philippe Lemay‐Boucher

affiliation not provided to SSRN

Date Written: April 2012

Abstract

In the light of first‐hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit Associations. We provide anecdotal pieces of evidence, descriptive statistics, Full Information Maximum Likelihood (FIML) regressions and matching estimates which tend to indicate that most individuals use their participation in a rosca as a device to commit themselves to save money and to deal with self‐control problems.

JEL Classification: G2, O16, O17

Suggested Citation

Dagnelie, Olivier and Lemay‐Boucher, Philippe, Rosca Participation in Benin: A Commitment Issue (April 2012). Oxford Bulletin of Economics and Statistics, Vol. 74, Issue 2, pp. 235-252, 2012, Available at SSRN: https://ssrn.com/abstract=2002484 or http://dx.doi.org/10.1111/j.1468-0084.2011.00641.x

Olivier Dagnelie (Contact Author)

Spanish Council for Scientific Research (CSIC) - Insitute for Economic Analysis ( email )

Campus de la UAB
Bellaterra, Barcelona 08193
Spain

Philippe Lemay‐Boucher

affiliation not provided to SSRN

No Address Available

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