Does Africa Need a Rotten Kin Theorem? Experimental Evidence from Village Economies

Does Africa Need a Rotten Kin Theorem? Experimental Evidence from Village Economies

This paper measures the economic impact of social pressure to share income with kin and neighbors in rural Kenyan villages. The authors conduct a lab experiment in which they randomly vary the observability of investment returns. The goal is to test whether subjects reduce their income in order to k...

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Bibliographic Details
Main Authors: Jakiela, Pamela, Ozier, Owen
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTING
AFFILIATED ORGANIZATIONS
ASSET HOLDINGS
BANK OPERATIONS
BARGAINING
BORROWING
CREDIT ASSOCIATIONS
CREDIT COOPERATIVES
DECISION MAKING
DECLINE IN INVESTMENT
DEMOGRAPHIC
DEVELOPING ECONOMIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DRIVERS
DURABLE
DURABLE ASSET
DURABLE ASSETS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
EMPLOYMENT
EXCHANGE RATE
EXPECTED UTILITY
EXPERIMENTAL ECONOMICS
HOUSEHOLD BARGAINING
HOUSEHOLD WEALTH
HUMAN DEVELOPMENT
INCENTIVE EFFECTS
INCOME
INCOMES
INSURANCE
INSURANCE MARKETS
INTERNATIONAL BANK
INVESTING
INVESTMENT AMOUNT
INVESTMENT CHOICE
INVESTMENT CHOICES
INVESTMENT DECISION
INVESTMENT DECISIONS
INVESTMENT INCENTIVES
INVESTMENT INCOME
INVESTMENT OPPORTUNITIES
INVESTMENT OPTION
INVESTMENT OPTIONS
INVESTMENT RETURN
INVESTMENT RETURNS
INVESTMENT STRATEGY
LEVEL OF RISK
LEVY
LIQUIDITY
LOAN
LOTTERIES
MARGINAL UTILITY
MAXIMUM LIKELIHOOD ESTIMATION
MICRO ENTERPRISE
MICROENTERPRISES
MUTUAL INSURANCE
OCCUPATIONS
OPTIMAL ALLOCATION
OPTIMAL INVESTMENT
OPTIMIZATION
PARTICIPATION CONSTRAINTS
PAYOUT
PERMANENT INCOME
PRODUCTIVE INVESTMENTS
PROFITABILITY
RESOURCE ALLOCATION
RISK AVERSE
RISK AVERSE INDIVIDUALS
RISK AVERSION
RISK POOLING
RISK PREFERENCE
RISK PREFERENCES
RISKY INVESTMENT
RISKY INVESTMENTS
RISKY SECURITY
SANCTION
SANCTIONS
SAVINGS
SAVINGS ACCOUNT
SAVINGS ACCOUNTS
SELF­HELP
SOCIAL CAPITAL
SOCIAL NETWORKS
TAX
TAX RATE
TAX RATES
TAXATION
UNSKILLED LABOR
UTILITY FUNCTION
UTILITY FUNCTIONS
UTILITY MAXIMIZATION
UTILITY THEORY
WAGES
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2012/06/16358327/africa-need-rotten-kin-theorem-experimental-evidence-village-economies
http://hdl.handle.net/10986/9337

Internet

http://documents.worldbank.org/curated/en/2012/06/16358327/africa-need-rotten-kin-theorem-experimental-evidence-village-economies
http://hdl.handle.net/10986/9337

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