Follow the money not the cash: Comparing methods for identifying consumption and investment responses to a liquidity shock
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- 作者：Dean Karlana ; b ; c ; d ; dean.karlan@yale.edu" class="auth_mail" title="E-mail the corresponding author ; Adam Osmane ; aosman@illinois.edu" class="auth_mail" title="E-mail the corresponding author ; Jonathan Zinmanb ; c ; d ; f ; jzinman@dartmouth.edu" class="auth_mail" title="E-mail the corresponding author
- 关键词：Loan use ; Consumption ; Investment ; Liquidity constraint ; Liquidity shock ; Fungibility ; Microcredit ; Microenterprise
- 刊名：Journal of Development Economics
- 出版年：2016
- 出版时间：July 2016
- 年：2016
- 卷：121
- 期：Complete
- 页码：11-23
- 全文大小：1848 K
文摘
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We compare 3 approaches for measuring the impacts of liquidity shock on spending.
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First is directly asking borrowers how they spend proceeds from a loan.
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Second is asking borrowers using a list randomization technique.
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Third we compare cash outflows for treatment group to a control group.
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We find strategic misreporting & that they report where cash physically went.