[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/wly/econjl/v128y2018i615p2613-2651.html
   My bibliography  Save this article

Consumption and Investment in Resource Pooling Family Networks

Author

Listed:
  • Manuela Angelucci
  • Giacomo De Giorgi
  • Imran Rasul
Abstract
This article examines a novel motive for resource pooling in family networks in rural economies: to relax credit constraints and facilitate investment in non‐collateraliseable assets for which credit market imperfections are most binding. We thus complement established literatures examining risk‐sharing motives for resource transfers within family networks, as well as motives based on kinship tax obligations. We do so exploiting the Progresa programme data, in which family networks can be identified, households are subject to large exogenous resource inflows, and detailed responses on consumption and an array of investments can be tracked in a household panel over five years.

Suggested Citation

  • Manuela Angelucci & Giacomo De Giorgi & Imran Rasul, 2018. "Consumption and Investment in Resource Pooling Family Networks," Economic Journal, Royal Economic Society, vol. 128(615), pages 2613-2651, November.
    • Handle: RePEc:wly:econjl:v:128:y:2018:i:615:p:2613-2651
    DOI: 10.1111/ecoj.12534
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/ecoj.12534
    Download Restriction: no
    File URL: https://libkey.io/10.1111/ecoj.12534?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Quoc-Anh Do & Kieu-Trang Nguyen & Anh N. Tran, 2017. "One Mandarin Benefits the Whole Clan: Hometown Favoritism in an Authoritarian Regime," American Economic Journal: Applied Economics, American Economic Association, vol. 9(4), pages 1-29, October.
    2. Corno, Lucia & Voena, Alessandra, 2023. "Child marriage as informal insurance: Empirical evidence and policy simulations," Journal of Development Economics, Elsevier, vol. 162(C).
    3. Leonardo Bursztyn & Florian Ederer & Bruno Ferman & Noam Yuchtman, 2014. "Understanding Mechanisms Underlying Peer Effects: Evidence From a Field Experiment on Financial Decisions," Econometrica, Econometric Society, vol. 82(4), pages 1273-1301, July.
    4. Bertoli, Simone & Gautrain, Elsa & Murard, Elie, 2020. "Left Behind, but Not Alone: Changes in Living Arrangements and the Effects of Migration and Remittances in Mexico," IZA Discussion Papers 13917, Institute of Labor Economics (IZA).
    5. Ethan Ligon & Laura Schechter, 2020. "Structural Experimentation to Distinguish between Models of Risk Sharing with Frictions in Rural Paraguay," Economic Development and Cultural Change, University of Chicago Press, vol. 69(1), pages 1-50.
    6. Caria, A. Stefano & Labonne, Julien, 2024. "Village social structure and labor market performance: Evidence from the Philippines," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 371-380.
    7. Marcel Fafchamps & Julien Labonne, 2020. "Family Networks and Distributive Politics," Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1697-1725.
    8. Holmberg, Johan & Simmons, Michael & Trapeznikova, Ija, 2024. "Parental Wealth and Early Labor Market Outcomes," Umeå Economic Studies 1029, Umeå University, Department of Economics.
    9. Kochar, Anjini & Nagabhushana, Closepet & Sarkar, Ritwik & Shah, Rohan & Singh, Geeta, 2022. "Financial access and women's role in household decisions: Empirical evidence from India's National Rural Livelihoods project," Journal of Development Economics, Elsevier, vol. 155(C).
    10. Ronak Jain & Vatsal Khandelwal, 2024. "Silent networks: the role of inaccurate beliefs in reducing useful social interactions," ECON - Working Papers 455, Department of Economics - University of Zurich.
    11. Gutierrez-Lythgoe, Antonio, 2023. "Redes y autoempleo: Evidencia con datos de Facebook [Networks and self-employment: Evidence from Facebook data]," MPRA Paper 116656, University Library of Munich, Germany.
    12. Ronak Jain & Vatsal Khandelwal, 2024. "Silent networks: The role of inaccurate beliefs in reducing useful social interactions," CSAE Working Paper Series 2024-06, Centre for the Study of African Economies, University of Oxford.
    13. Ji, Yaling, 2020. "Religiosity and the adoption of formal financial services," Economic Modelling, Elsevier, vol. 89(C), pages 378-396.
    14. Jain, Prachi, 2020. "Imperfect monitoring and informal insurance: The role of social ties," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 241-256.
    15. Altınok, Ahmet, 2023. "Group lending, sorting, and risk sharing," Games and Economic Behavior, Elsevier, vol. 140(C), pages 456-480.
    16. Avitabile, Ciro, 2021. "Spillovers and Social Interaction Effects in the Demand for Preventive Healthcare: Evidence from the PROGRESA program," Journal of Health Economics, Elsevier, vol. 79(C).
    17. Ana P. Canedo, 2023. "The Unintended Effects of Social Pensions on Migration: Evidence from Rural Mexico," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 42(1), pages 1-25, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:econjl:v:128:y:2018:i:615:p:2613-2651. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/resssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.