Improving rural credit markets requires a good understanding of the root causes of market failures and taking necessary steps to address them. This paper investigates the role of productivity shocks in borrowers' repayment choices. Using a framed field experiment that simulated a repeated interaction in an input credit market, the analysis finds strong evidence that negative productivity shocks lead to higher default, even when they do not induce...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/07/12
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Рабочий документ в рамках исследования вопросов политики
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WPS8528
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1
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1
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2018/07/12
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Disclosed
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Productivity shocks and repayment behavior in rural credit markets : a framed field experiment
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farmer
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