The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
How Debit Cards Enable the Poor to Save More
Open accessAbstract
We study an at‐scale natural experiment in which debit cards were given to cash transfer recipients who already had a bank account. Using administrative account data and household surveys, we find that beneficiaries accumulated a savings stock equal to 2% of annual income after two years with the card. The increase in formal savings represents an increase in overall savings, financed by a reduction in current consumption. There are two mechanisms. First, debit cards reduce transaction costs of accessing money. Second, they reduce monitoring costs, which led beneficiaries to check their account balances frequently and build trust in the bank.
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Cites
Another look at the instrumental variable estimation of error-components models
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Initial conditions and moment restrictions in dynamic panel data models
Blundell, R., & Bond, S. (1995) · Working Paper Series · doi:10.1920/wp.ifs.1995.9517 · Cited by 14,755
Biases in dynamic models with fixed effects
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Stock markets, banks, and growth: Panel evidence
Beck, T., & Levine, R. (2004) · Journal of Banking & Finance · doi:10.1016/s0378-4266(02)00408-9 · Cited by 2,067
The Economic Lives of the Poor
Banerjee, A. V., & Duflo, E. (2007) · Journal of Economic Perspectives · doi:10.1257/jep.21.1.141 · Cited by 1,703
The long-run poverty and gender impacts of mobile money
Suri, T., & Jack, W. (2016) · Science · doi:10.1126/science.aah5309 · Cited by 1,628
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Revisiting Event Study Designs
Borusyak, K., & Jaravel, X. (2016) · SSRN Electronic Journal · doi:10.2139/ssrn.2826228 · Cited by 463
Metadata
- Authors
- BACHAS, P., GERTLER, P., HIGGINS, S., & SEIRA, E.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2021-05-07
- Volume
- 76
- Issue
- 4
- Pages
- 1913-1957
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2785649313
- Cited by
- 167
- References
- 8
- FWCI
- 19.95
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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