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2017-06-12 - Colloque/Présentation - communication orale - Anglais - 30 page(s)

Laureti Carolina , Volral Mélanie , "Saving with Premeditation: How Poor City Dwellers in Bangladesh React to Access to Commitment Savings Accounts?" in 5th European Microfinance Research Conference , Portsmouth, UK, 2017

  • Codes CREF : Economie des PVD (DI4375)
  • Unités de recherche UMONS : Economie et gestion de l'entreprise (W742)
  • Instituts UMONS : Institut de Recherche en Développement Humain et des Organisations (HumanOrg)
  • Centres UMONS : Microfinance (CERMI)

Abstract(s) :

(Anglais) Access to commitment savings products is known to increase poor households’ savings. Our paper addresses the mechanism underlying this apparent behavioral anomaly, taking advantage of a unique dataset released by SafeSave, a Bangladeshi microfinance institution that launched the Long Term Savings commitment product in 2009. Our goal is to examine savers’ attitudes before they take up this product, in order to detect when savings start increasing. Our results suggest that the rise in savings associated with entering commitment savings is intentional and premeditated, since it starts a few months before households open the commitment account. The existence of such contemplation and preparation stages is in line with the “transtheoretical model of behavior change” (Prochaska and DiClemente, 1982; 1983) found in the psychological literature. Our paper suggests that poor households are more forward-looking than previously thought.