Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth

This paper investigates whether the utilization of microcredit programs has a significant impact on the income and net worth of the participants. Several micro finance institutes are optimistic on the beneficial effects of microcredit programs. Oth...

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Main Authors:	Woutersen, Tiemen, Khandker, Shahidur R.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ACCESS TO FINANCE BIDS CONTROL GROUPS CREDIT ACCESS CREDIT PROGRAMS CREDIT SCORING DUMMY VARIABLE ECONOMIC DEVELOPMENT EXCLUSION FAMILIES FINANCIAL STUDIES GENDER GROUP LENDING HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD WELFARE HOUSEHOLDS IMPACT EVALUATION INSTRUMENT INTEREST RATES INTERNATIONAL BANK LONGITUDINAL DATA MICRO FINANCE MICROCREDIT MICROCREDIT LOANS MICROCREDIT PROGRAM MICROCREDIT PROGRAMS MICROENTERPRISES MICROFINANCE MICROFINANCE PROGRAM NET WORTH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POVERTY REDUCTION RETURNS RURAL RURAL AREAS RURAL DEVELOPMENT SAMPLE SIZE SELECTION BIAS UNEMPLOYMENT VILLAGE VILLAGES
Online Access:	http://documents.worldbank.org/curated/en/2014/09/20228572/estimating-long-run-impact-microcredit-programs-household-income-net-worth http://hdl.handle.net/10986/20379

id	okr-10986-20379
recordtype	oai_dc
spelling	okr-10986-203792021-04-23T14:03:55Z Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth Woutersen, Tiemen Khandker, Shahidur R. ACCESS TO FINANCE BIDS CONTROL GROUPS CREDIT ACCESS CREDIT PROGRAMS CREDIT SCORING DUMMY VARIABLE ECONOMIC DEVELOPMENT EXCLUSION FAMILIES FINANCIAL STUDIES GENDER GROUP LENDING HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD WELFARE HOUSEHOLDS IMPACT EVALUATION INSTRUMENT INTEREST RATES INTERNATIONAL BANK LONGITUDINAL DATA MICRO FINANCE MICROCREDIT MICROCREDIT LOANS MICROCREDIT PROGRAM MICROCREDIT PROGRAMS MICROENTERPRISES MICROFINANCE MICROFINANCE PROGRAM NET WORTH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POVERTY REDUCTION RETURNS RURAL RURAL AREAS RURAL DEVELOPMENT SAMPLE SIZE SELECTION BIAS UNEMPLOYMENT VILLAGE VILLAGES This paper investigates whether the utilization of microcredit programs has a significant impact on the income and net worth of the participants. Several micro finance institutes are optimistic on the beneficial effects of microcredit programs. Others describe microcredit with interest rates in excess of 20 percent as a poverty trap. This paper uses more than 20 years of panel data on households in Bangladesh to estimate bounds on the causal effects of microcredit programs. The analysis rejects the hypothesis that these microcredit programs are a poverty trap. Moreover, the paper finds moderately positive effects of such programs. 2014-10-06T20:50:27Z 2014-10-06T20:50:27Z 2014-09 http://documents.worldbank.org/curated/en/2014/09/20228572/estimating-long-run-impact-microcredit-programs-household-income-net-worth http://hdl.handle.net/10986/20379 English en_US Policy Research Working Paper;No. 7040 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO FINANCE BIDS CONTROL GROUPS CREDIT ACCESS CREDIT PROGRAMS CREDIT SCORING DUMMY VARIABLE ECONOMIC DEVELOPMENT EXCLUSION FAMILIES FINANCIAL STUDIES GENDER GROUP LENDING HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD WELFARE HOUSEHOLDS IMPACT EVALUATION INSTRUMENT INTEREST RATES INTERNATIONAL BANK LONGITUDINAL DATA MICRO FINANCE MICROCREDIT MICROCREDIT LOANS MICROCREDIT PROGRAM MICROCREDIT PROGRAMS MICROENTERPRISES MICROFINANCE MICROFINANCE PROGRAM NET WORTH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POVERTY REDUCTION RETURNS RURAL RURAL AREAS RURAL DEVELOPMENT SAMPLE SIZE SELECTION BIAS UNEMPLOYMENT VILLAGE VILLAGES
spellingShingle	ACCESS TO FINANCE BIDS CONTROL GROUPS CREDIT ACCESS CREDIT PROGRAMS CREDIT SCORING DUMMY VARIABLE ECONOMIC DEVELOPMENT EXCLUSION FAMILIES FINANCIAL STUDIES GENDER GROUP LENDING HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD WELFARE HOUSEHOLDS IMPACT EVALUATION INSTRUMENT INTEREST RATES INTERNATIONAL BANK LONGITUDINAL DATA MICRO FINANCE MICROCREDIT MICROCREDIT LOANS MICROCREDIT PROGRAM MICROCREDIT PROGRAMS MICROENTERPRISES MICROFINANCE MICROFINANCE PROGRAM NET WORTH POLITICAL ECONOMY POOR POOR HOUSEHOLDS POVERTY REDUCTION RETURNS RURAL RURAL AREAS RURAL DEVELOPMENT SAMPLE SIZE SELECTION BIAS UNEMPLOYMENT VILLAGE VILLAGES Woutersen, Tiemen Khandker, Shahidur R. Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth
geographic_facet	South Asia Bangladesh
relation	Policy Research Working Paper;No. 7040
description	This paper investigates whether the utilization of microcredit programs has a significant impact on the income and net worth of the participants. Several micro finance institutes are optimistic on the beneficial effects of microcredit programs. Others describe microcredit with interest rates in excess of 20 percent as a poverty trap. This paper uses more than 20 years of panel data on households in Bangladesh to estimate bounds on the causal effects of microcredit programs. The analysis rejects the hypothesis that these microcredit programs are a poverty trap. Moreover, the paper finds moderately positive effects of such programs.
format	Publications & Research :: Policy Research Working Paper
author	Woutersen, Tiemen Khandker, Shahidur R.
author_facet	Woutersen, Tiemen Khandker, Shahidur R.
author_sort	Woutersen, Tiemen
title	Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth
title_short	Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth
title_full	Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth
title_fullStr	Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth
title_full_unstemmed	Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth
title_sort	estimating the long-run impact of microcredit programs on household income and net worth
publisher	World Bank Group, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/09/20228572/estimating-long-run-impact-microcredit-programs-household-income-net-worth http://hdl.handle.net/10986/20379
_version_	1764445204146814976

Estimating the Long-Run Impact of Microcredit Programs on Household Income and Net Worth

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