Deposit Collectors

28 Pages Posted: 8 Dec 2005

See all articles by Nava Ashraf

Nava Ashraf

Harvard Business School

Dean S. Karlan

Yale University; Innovations for Poverty Action; Massachusetts Institute of Technology (MIT) - Abdul Latif Jameel Poverty Action Lab (J-PAL); National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Wesley Yin

University of Chicago - Harris Public Policy; University of California, Los Angeles (UCLA) - School of Public Policy & Social Research

Date Written: December 2005

Abstract

Informal lending and savings institutions exist around the world, and often include regular door-to-door deposit collection of cash. Some banks have adopted similar services in order to expand access to banking services in areas that lack physical branches. Using a randomized control trial, we investigate determinants of participation in a deposit collection service and evaluate the impact of offering the service for micro-savers of a rural bank in the Philippines. Of 137 individuals offered the service in the treatment group, 38 agreed to sign-up, and 20 regularly used the service. Take-up is predicted by distance to the bank (a measure of transaction costs of depositing without the service) as well as being married (a suggestion that household bargaining issues are important). Those offered the service saved 188 pesos more (which equates to about a 25% increase in savings stock) and were slightly less likely to borrow from the bank.

Keywords: Savings behavior, microfinance, field experiment, savings mobilization, deposit collector

JEL Classification: D1, D9, G1, G2, O1

Suggested Citation

Ashraf, Nava and Karlan, Dean S. and Yin, Wesley, Deposit Collectors (December 2005). Yale University Economic Growth Center Discussion Paper No. 930. Available at SSRN: https://ssrn.com/abstract=868661

Nava Ashraf

Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States
617-495-5058 (Phone)
617-496-4191 (Fax)

Dean S. Karlan (Contact Author)

Yale University ( email )

Box 208269
New Haven, CT 06520-8269
United States

Innovations for Poverty Action ( email )

1731 Connecticut Ave, 4th floor
New Haven, CT 20009
United States

Massachusetts Institute of Technology (MIT) - Abdul Latif Jameel Poverty Action Lab (J-PAL) ( email )

E60-246
77 Massachusetts Avenue
Cambridge, MA 02139
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Wesley Yin

University of Chicago - Harris Public Policy ( email )

1155 East 60th Street
Chicago, IL 60637
United States
773-702-8194 (Phone)
773-702-2286 (Fax)

University of California, Los Angeles (UCLA) - School of Public Policy & Social Research ( email )

Box 951656
Los Angeles, CA 90095
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
229
Abstract Views
2,327
rank
132,517
PlumX Metrics