Centre De Referència En Economia Analítica Barcelona Economics Working Paper Series Rosca Participation in Benin: a Commitment Issue Rosca Participation in Benin: a Commitment Issue

In the light of first-hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit ASsociations. We provide anecdotal pieces of evidence, descriptive statistics, FIML regressions and matching estimates which tend to indicate that most individuals use their participation in a rosca as a device to commit themselves to save money and to deal with self-control problems. Raoul Tchiakpe and especially Charlemagne Tomavo. The encoding process was done with the help of Amélie Bodson and Gaëtan Dagnelie. The authors alone claim responsability for the final version.

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