Fostering savings by commitment: Evidence from a quasi-natural experiment at The Small Enterprise Foundation in South Africa

نویسندگان

چکیده

We studied the effects of a pilot project that strengthened savings incentive mechanisms. The was established by Small Enterprise Foundation (SEF), leading microfinance institution based in South Africa. program introduced stimulus form Goal Card: clients subscribing to this (non-coercive) tool were required identify goal and commit regular payments reach it. experiment had quasi-natural approach as it implemented SEF non-randomly selected locations. Difference-in-differences estimates show improved habits among those foundation’s customers who involved program, compared counterfactual are identified using propensity score matching. effect manifested its second semester, suggesting persistent change but slow accumulation savings. conclude asking microcredit amount achieve is promising mechanism.

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ژورنال

عنوان ژورنال: World Development

سال: 2021

ISSN: ['1873-5991', '0305-750X']

DOI: https://doi.org/10.1016/j.worlddev.2021.105660