Replication data for: Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi

Principal Investigator(s): View help for Principal Investigator(s) Xavier Giné; Jessica Goldberg; Dean Yang

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Project Citation:

Giné, Xavier, Goldberg, Jessica, and Yang, Dean. Replication data for: Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116109V1

Project Description

Summary: We implemented a randomized field experiment in Malawi examining borrower responses to being fingerprinted when applying for loans. This intervention improved the lender's ability to implement dynamic repayment incentives, allowing it to withhold future loans from past defaulters while rewarding good borrowers with better loan terms. As predicted by a simple model, fingerprinting led to substantially higher repayment rates for borrowers with the highest ex ante default risk, but had no effect for the rest of the borrowers. We provide unique evidence that this improvement in repayment rates is accompanied by behaviors consistent with less adverse selection and lower moral hazard. (JEL D14, D82, G21, O12, O16)

Scope of Project

JEL Classification:
      D14 Household Saving; Personal Finance
      D82 Asymmetric and Private Information; Mechanism Design
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      O12 Microeconomic Analyses of Economic Development
      O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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Published Versions

V1 [2019-12-06]

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