Rosca Participation in Benin: A Commitment Issue*
基于贝宁科托努城市家庭调查数据，研究人们参与轮转储蓄与信贷协会的动机，发现多数人将其作为承诺储蓄和应对自我控制问题的工具。
Abstract 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, Full Information Maximum Likelihood (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.