Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/146462 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
IDB Working Paper Series No. IDB-WP-670
Verlag: 
Inter-American Development Bank (IDB), Washington, DC
Zusammenfassung: 
Credit constraints are central to development economics theory. However, there is scant direct evidence that supports the existence of such constraints. Traditional tests observe how consumption changes after an unexpected income shock. Such changes can also result from myopic behavior or precautionary savings. This study uses a randomized control trial to explore the effects of enabling savings as a tool to smooth consumption, keeping income constant. The study focuses on community instructors in Mexico. Instructors have to deal with idiosyncratic shocks and shocks related to settling in to new communities. For a group of instructors participating in this study, administrators switched 34 percent of monthly payments to quarterly payments. The switch reduced abandonment of service from 23 to 18 percent. This behavior is consistent with the standard model with credit constraints. It is not consistent with a model without credit constraints or one with myopic individuals.
Schlagwörter: 
Credit constraints
education
teachers
compensation
JEL: 
D91
H52
J33
O12
O16
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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