The Dark Side of Social Capital: Kinship, Consumption, and Investment
نویسندگان
چکیده
We explore if traditional sharing norms in extended kinship systems distort consumption and accumulation decisions of poor black households in Kwazulu-Natal, South Africa. Our results suggest households try to evade their “sharing obligations” by (i) accumulating durables that are non-sharable at the expense of durables that may be shared, (ii) increasing consumption of non-durables, and (iii) reducing investments in liquid assets. By attenuating accumulation incentives, kinship sharing may come at the expense of income growth –– a culturally-induced poverty trap.
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