Good intentions pave the way to ... the local moneylender

被引：7

作者：

Arnold, Lutz G. ^{[1
]}

Booker, Benedikt ^{[1
]}

机构：

[1] Univ Regensburg, Dept Econ, D-93040 Regensburg, Germany

来源：

ECONOMICS LETTERS | 2013年 / 118卷 / 03期

关键词：

Microfmance; Over-indebtedness; Hyperbolic discounting; MICROFINANCE; PROGRAMS;

D O I：

10.1016/j.econlet.2012.12.027

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Access to microfinance entails a risk of over-indebtedness. A naive present-biased micro-borrower may roll over debt after failure of an investment project financed with an MFI loan, even though she planned not to do so and would not have taken the MFI loan if she had been aware of the time inconsistency of her plan. Similarly, she may use a new loan to repay and end up over-indebted if she discounts the future too strongly relative to her true preferences. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：466 / 469

页数：4

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