Date(s) - 11/11/2019
12:00 pm - 1:00 pm
Categories No Categories
The Brown Bag Seminar Series offers current ECON graduate students the opportunity to present ongoing research or to workshop new ideas. The seminars are held on Mondays from 12:00-1:00pm in Clark C307 and are open to everyone.
November 11th’s presenter is ECON Ph.D. graduate student Ashish Sedai. He will be presenting his paper: “Are ROSCAs a solution to Micro-finance in India?”
Abstract: This study examines the impact of Rotating Savings and Credit Associations (ROSCAs) on income, wealth, poverty status and women empowerment in India using the Indian Human Development Survey 1 (2005) and Survey 2 (2012). We use cross sectional and panel instrumental variable approach to analyze the economic and social impact of ROSCA on households and women. First, using a cross-section and a panel fixed effects model, we analyze the impact of membership, investment and loans from ROSCA on poverty status, income and wealth of the households. Second, using a cross-sectional Poisson generalized method of moments model we examine how these associations influence the agency of women’s economic and social empowerment in terms of decision making, freedom and control. The study adds new literature on household well-being and women empowerment through an empirical estimation of the endogenous micro-credit model. This would also provide policy makers with insights on the impact of the thrust on micro-credit in India, given the lackluster performance of the state aided and state branded micro-finance institutions.