In developing countries, financial transfers within social and kin networks are ubiquitous and frequent. Though these transfers have social benefits, pressure to redistribute income can introduce a disincentive to work by reducing the payoff of exerting effort. This comes at a potential cost for the overall efficiency of the economy. The authors developed a financial innovation to study the impact of this redistributive pressure on workers’ labor...
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2018/12/01
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132959
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1
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1
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2018/12/17
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Disclosed
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Working Under Pressure : Improving Labor Productivity through Financial Innovation
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Savings and Credit Association
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