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ROSCAs in Urban Ethiopia: Are the Characteristics of the Institutions More Important than those of Members?

By Abbi Mamo Kedir and Gamal Ibrahim

Abstract

Full text currently not available from the LRA. The article is embargoed until Jan 2013.Using household data from urban Ethiopia, we provide an empirical test of the economic theory of Rotating Savings and Credit Associations (ROSCAs) and identify the impact of ROSCAs and member characteristics on participation and volume of saving. Unlike other studies, we account for the endogeneity of all ROSCA variables. Muslims, individuals who live in richer households, the self-employed, private sector employees and households with large numbers of women are more likely to join ROSCAs. A robust finding is that the savings are significantly affected by the characteristics of the members but not that of the informal saving institution. Some policy implications are discussed.Peer-reviewedOthe

Topics: Africa, Geographical Area, Economics, East Africa, Economic development, Geographical Area
Publisher: Taylor & Francis
Year: 2011
DOI identifier: 10.1080/00220388.2010.536219
OAI identifier: oai:lra.le.ac.uk:2381/9613
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