Agnes Quisumbing, John A. Maluccio
Abstract We test the unitary versus collective model of the household using specially designed data from Bangladesh, Ethiopia, Indonesia, and South Africa. Human capital and individual assets at the time of marriage are used as proxy measures for bargaining power. In all four countries, we reject th...
Md Abdullah Omar, Kazuo Inaba
Abstract Financial inclusion is a key element of social inclusion, particularly useful in combating poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the population. This study intends to investigate the impact of financial inclusion on reducing...
Amartya Sen
Famines often take place in situations of moderate to good food availability, without any significant decline of food supply per head. The paper presents an alternative approach to famines, which does not concentrate on availability, but on people's ability to command food through legal means availa...
Agnes Quisumbing, John A. Maluccio, Quisumbing, Agnes R., Maluccio, John A.
The paper reviews recent theory and empirical evidence testing unitary versus collective models of the household. In contrast to the unitary model, the collective model posits that individuals within households have different preferences and do not pool their income. Moreover, the collective model p...
Morshadul Hasan, Thi Le, Ariful Hoque
Abstract Inclusive finance is a core concept of finance that makes various financial products and services accessible and affordable to all individuals and businesses, especially those excluded from the formal financial system. One of the leading forces affecting people's ability to access financial...
Richard Arnott, Joseph E. Stiglitz
It is by now well-known that, in the presence of moral hazard or adverse selection, randomization of insurance premia and benefits may be Pareto efficient. This paper: i) provides a typology of the various forms that randomization may take;
Syed Masud Ahmed, Mushtaque Chowdhury, Abbas Bhuiya
Muhammad Faress Bhuiyan, Artjoms Ivļevs
Microcredit has long been hailed as a powerful tool to promote livelihoods and reduce poverty through entrepreneurship. However, its impacts on people's subjective well-being remain underexplored. We present a unified theoretical framework for analyzing the effect of microcredit-enabled entrepreneur...
Jon Jachimowicz, Salah Chafik, Sabeth Munrat, Jaideep Prabhu et al.
) are not forced to take the immediate reward out of financial need. Low-income individuals may be both less likely to believe future payoffs will occur and less able to forego immediate rewards due to higher financial need; they may thus appear to discount the future more heavily. We propose that t...
Mohammed A. Mamun, Shaila Akter, Imran Hossain, Mohammad Thanvir Hasan Faisal et al.
INTRODUCTION Unemployment has a contributory role in the development of mental health problems and in Bangladesh there is increasing unemployment, particularly among youth. Consequently, the present study investigated depression, anxiety, and stress among recent graduates in a multi-city study acros...
A. H. M. Belayeth Hussain, Noraida Endut, Sumonkanti Das, Mohammed Thanvir Ahmed Chowdhury et al.
This study explores the impact of financial inclusion on financial resilience in Bangladesh, using World Bank data on global financial inclusions. It finds that respondents with financial accounts are more resilient than those without accounts. The chances of being financially resilient are around 1...
Cristian Badarinza, Vimal Balasubramaniam, Tarun Ramadorai
We survey the household finance landscape in emerging economies. We first present statistics on household balance sheets from official microsurveys in countries constituting 45% of the global population: China, India, Bangladesh, the Philippines, Thailand, and South Africa. We contrast these pattern...
Md. Nur Alam Siddik, Sajal Kabiraj
In recent times, financial inclusion and financial stability issue have become a priority on policy agendas across the world. However, there is relative dearth of empirical studies addressing and establishing the link between the same. This study fills this gap. Using panel data of 2001-2013, this s...
Brian A. Ciochetti, Yongheng Deng, Bin Gao, Rui Yao
This article examines the factors driving the borrower’s decision to terminate commercial mortgage contracts with the lender through either prepayment or default. Using loan–level data, we estimate prepayment and default functions in a proportional hazard framework with competing risks, allowing us ...
Md. Nur Alam Siddik
Financial inclusion empowers individuals and families, especially women and the poor, and well-functioning financial systems enrich whole countries. While a plethora of literature exists in connection between the financial inclusion and women empowerment most of those are cross country studies and f...