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Rosca Participation in Benin: A Commitment Issue *
Author(s) -
Dagnelie Olivier,
LemayBoucher Philippe
Publication year - 2012
Publication title -
oxford bulletin of economics and statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.131
H-Index - 73
eISSN - 1468-0084
pISSN - 0305-9049
DOI - 10.1111/j.1468-0084.2011.00641.x
Subject(s) - commit , matching (statistics) , descriptive statistics , control (management) , economics , statistics , computer science , mathematics , management , database
In the light of first‐hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit Associations. We provide anecdotal pieces of evidence, descriptive statistics, Full Information Maximum Likelihood (FIML) regressions and matching estimates which tend to indicate that most individuals use their participation in a rosca as a device to commit themselves to save money and to deal with self‐control problems.