Replication data for: Referrals: Peer Screening and Enforcement in a Consumer Credit Field Experiment

Principal Investigator(s): View help for Principal Investigator(s) Gharad Bryan; Dean Karlan; Jonathan Zinman

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20130234_Data			12/07/2019 03:08:PM
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Project Citation:

Bryan, Gharad, Karlan, Dean, and Zinman, Jonathan. Replication data for: Referrals: Peer Screening and Enforcement in a Consumer Credit Field Experiment. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116433V1

Project Description

Summary: Empirical evidence on peer intermediation lags behind both theory and practice in which lenders use peers to mitigate adverse selection and moral hazard. Using a referral incentive under individual liability, we develop a two-stage field experiment that permits separate identification of peer screening and enforcement. Our key contribution is to allow for borrower heterogeneity in both ex ante repayment type and ex post susceptibility to social pressure. Our method allows identification of selection on repayment likelihood, selection on susceptibility to social pressure, and loan enforcement. Implementing our method in South Africa we find no evidence of screening but large enforcement effects. (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 [2019-12-07]

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