Add to ORKGThis paper develops a model of interlinkage in the credit market and labor market. A credit-cum-labor contract provides the necessary funds to undertake an investment in migration, given the absence of sufficient collateral. The optimal interlinked contract eliminates the scope for strategic default. The result shows that the very presence of inequality is a necessary condition for migration to take place. This could explain the apparent paradox of why poor households in villages where asset distribution is very skewed are more likely to migrate than households in poorer villages with less unequal asset distribution
Informal credit market plays a crucial role in the rural sector in developing countries. Prices of g...
WP 2003-21 July 2003This paper presents a simple two-period, dual economy model in which migration o...
The authors analyze the example of a landlord, a moneylender, and a tenant (the landlord having acce...
This paper develops a model of interlinkage in the credit market and labor market. A credit-cum-labo...
In this interlinked contract land market is tied with labour market. The landlord leases-out small s...
An understanding of household finance in rural communities is vital to poverty reduction strategies ...
This dissertation provides an explanation for the co-existence of formal and informal lenders in rur...
Existing literature argues that interlinked tenancy contracts are superior to con-tracts which provi...
We study an economy where agents are heterogeneous in terms of observable wealth and unobservable ta...
This paper attempts to analyse the various aspects of informal rural credit market of which interlin...
We build up a simple Ricardian trade model with imperfection in the market for credit which affects ...
The paper shows that the policy of forging a vertical linkage between the formal and informal credit...
Credit markets with asymmetric information often prefer credit rationing as a profit maximizing devi...
Working out ways to lift people out of poverty is a key objective within development economics. One ...
In this article the authors present a general set of arguments applicable to both competitive and no...
Informal credit market plays a crucial role in the rural sector in developing countries. Prices of g...
WP 2003-21 July 2003This paper presents a simple two-period, dual economy model in which migration o...
The authors analyze the example of a landlord, a moneylender, and a tenant (the landlord having acce...
This paper develops a model of interlinkage in the credit market and labor market. A credit-cum-labo...
In this interlinked contract land market is tied with labour market. The landlord leases-out small s...
An understanding of household finance in rural communities is vital to poverty reduction strategies ...
This dissertation provides an explanation for the co-existence of formal and informal lenders in rur...
Existing literature argues that interlinked tenancy contracts are superior to con-tracts which provi...
We study an economy where agents are heterogeneous in terms of observable wealth and unobservable ta...
This paper attempts to analyse the various aspects of informal rural credit market of which interlin...
We build up a simple Ricardian trade model with imperfection in the market for credit which affects ...
The paper shows that the policy of forging a vertical linkage between the formal and informal credit...
Credit markets with asymmetric information often prefer credit rationing as a profit maximizing devi...
Working out ways to lift people out of poverty is a key objective within development economics. One ...
In this article the authors present a general set of arguments applicable to both competitive and no...
Informal credit market plays a crucial role in the rural sector in developing countries. Prices of g...
WP 2003-21 July 2003This paper presents a simple two-period, dual economy model in which migration o...
The authors analyze the example of a landlord, a moneylender, and a tenant (the landlord having acce...