 | Professor of Economics, Yale University Verified email at yale.edu Cited by 3123 |
N Ashraf,
D Karlan… - The Quarterly Journal of …, 2006 - qje.oxfordjournals.org
Abstract We designed a commitment savings product for a Philippine bank and implemented
it using a randomized control methodology. The savings product was intended for
individuals who want to commit now to restrict access to their savings, and who were ...
DS Karlan - American Economic Review, 2005 - JSTOR
... likely to repay their loans. The current literature examines the link between * Karlan:
Department of Economics, Yale University, New Haven, CT 06511 (e-mail:
dean.karlan@yale.edu). I thank the editor, anonymous referees ...
D Karlan… - Review of Financial Studies, 2010 - Soc Financial Studies
Abstract Expanding access to commercial credit is a key ingredient of financial development
strategies. There is less consensus on whether expanding access to consumer credit helps
borrowers, particularly when loans are extended at high interest rates. Popular skepticism ...
DS Karlan - The Economic Journal, 2007 - Wiley Online Library
Skip to Main Content. ...
D Karlan… - Econometrica, 2009 - Wiley Online Library
Information asymmetries are important in theory but difficult to identify in practice. We
estimate the presence and importance of hidden information and hidden action problems in
a consumer credit market using a new field experiment methodology. We randomized ...
D Karlan… - The American Economic Review, 2007 - JSTOR
We conducted a natural field experiment to further our understanding of the economics of
charity. Using direct mail solicitations to over 50,000 prior donors of a nonprofit organization,
we tested the effectiveness ofa matching grant on charitable giving. We find that the match ...
A Gerber,
DS Karlan… - 2006 - papers.ssrn.com
... Alan Gerber Yale University Dean Karlan Yale University Daniel Bergan Yale University February
15, 2006 ... Alan Gerber Yale University Alan.Gerber@yale.edu Dean Karlan Yale University
Dean.Karlan@yale.edu Daniel Bergan Yale University Daniel.Bergan@yale.edu ...
D Karlan… - Review of Economics and Statistics, 2011 - MIT Press
Abstract Most academic and development policy discussions about microentrepreneurs
focus on credit constraints and assume that subject to those constraints, the entrepreneurs
manage their business optimally. Yet the self-employed poor rarely have any formal ...
DS Karlan… - The American Economic Review, 2008 - JSTOR
... Karlan Department of Economics, Yale University, PO Box 208209, New Haven,
CT 06520 (e-mail dean karlan@ yale edu), Zinman Department of Economics,
Dartmouth College, HB6106, Hanover,NH 03755 (e-mail jzinman? ...
M Bertrand,
D Karlan… - … Quarterly Journal of …, 2010 - qje.oxfordjournals.org
Abstract Firms spend billions of dollars developing advertising content, yet there is little field
evidence on how much or how it affects demand. We analyze a direct mail field experiment
in South Africa implemented by a consumer lender that randomized advertising content, ...
X Gine… - 2006 - papers.ssrn.com
Page 1. Group versus Individual Liability A Field Experiment in the Philippines Xavier
Giné World Bank xgine@worldbank.org Dean S. Karlan Yale University, Innovations
for Poverty Action dean.karlan@yale.edu Abstract: Group ...
DS Karlan - Journal of Microfinance/ESR Review, 2001 - ojs.lib.byu.edu
Page 1. Microfinance Impact Assessments: Introduction Microfinance institutions
aim to reduce poverty. Some assess their impact through a cross-sectional impact
methodology which compares veteran to new participants and ...
D Karlan, M Mobius… - The Quarterly Journal …, 2009 - qje.oxfordjournals.org
Abstract This paper builds a theory of trust based on informal contract enforcement in social
networks. In our model, network connections between individuals can be used as social
collateral to secure informal borrowing. We define network-based trust as the largest ...
Page 1. Social Capital and Group Banking Dean S. Karlan ∗ † MIT Department of
Economics spencer@mit.edu September 18, 2001 Abstract Banking to the poor is
costly due to high screening, monitoring, and enforcement costs. ...
X Giné, P Jakiela,
DS Karlan… - 2006 - papers.ssrn.com
... Microfinance Games Xavier Giné World Bank Pamela Jakiela University of California, Berkeley
Dean Karlan Yale University Jonathan Morduch New York University June 2006 ... Page 2.
Microfinance Games Xavier Giné Pamela Jakiela Dean Karlan Jonathan Morduch Abstract ...
N Ashraf,
DS Karlan… - Yale University Economic Growth …, 2005 - papers.ssrn.com
... 930 Deposit Collectors Nava Ashraf Harvard University Dean Karlan Yale University Wesley
Yin University of Chicago December 2005 ... All views opinions and errors are our own. E-mails:
nashraf@hbs.edu, dean.karlan@yale.edu, wyin@uchicago.edu. ...
X Giné,
D Karlan… - American Economic Journal: …, 2010 - ingentaconnect.com
Abstract: We designed and tested a voluntary commitment product to help smokers quit
smoking. The product (CARES) offered smokers a savings account in which they deposit
funds for six months, after which they take a urine test for nicotine and cotinine. If they pass ...
D Karlan, M McConnell, S Mullainathan… - 2010 - nber.org
We develop and test a simple model of limited attention in intertemporal choice. The model
posits that individuals fully attend to consumption in all periods but fail to attend to some
future lumpy expenditure opportunities. This asymmetry generates some predictions that ...
X Giné,
D Karlan… - 2009 - papers.ssrn.com
Abstract: Group liability in microcredit purports to improve repayment rates through peer
screening, monitoring, and enforcement. However, it may create excessive pressure, and
discourage reliable clients from borrowing. Two randomized trials tested the overall effect, ...
D Karlan… - The World Bank Doing Impact Evaluation …, 2007 - mendeley.com
Abstract In this paper we seek to provide an overview of impact evaluations of microfinance.
We begin in Section I by defining microfinance. This discussion is not merely an exercise in
terminology but has immediate implications for how to compare evaluations across ...
We conducted a natural field experiment to explore the effect of price changes on charitable
contributions. To operationalize our tests, we examine whether an offer to match
contributions to a non-profit organization changes the likelihood and amount that an ...
N Ashraf,
DS Karlan… - 2006 - papers.ssrn.com
... Product in the Philippines Nava Ashraf Harvard Business School Dean Karlan Yale University
Wesley Yin University of Chicago ... Page 2. Female Empowerment: Impact of a Commitment Savings
Product in the Philippines Nava Ashraf, Dean Karlan, and Wesley Yin Abstract ...
N Ashraf, X Giné,
DS Karlan… - 2008 - nber.org
... All errors are our own. Nava Ashraf Harvard Business School Jameel Poverty Action
Lab Xavier Giné The World Bank Dean Karlan Yale University, Innovations for Poverty
Action, and Jameel Poverty Action Lab Page 2. 2 1. Introduction ...
X Gine, P Jakiela,
D Karlan… - American Economic …, 2010 - ingentaconnect.com
Abstract: Microfinance banks use group-based lending contracts to strengthen borrowers'
incentives for diligence, but the contracts are vulnerable to free-riding and collusion. We
systematically unpack microfinance mechanisms through ten experimental games played ...
H Allcott,
D Karlan, MM Möbius, TS Rosenblat… - The American economic …, 2007 - JSTOR
Large community size is often negatively correlated with prosocial behaviors such as formal
volunteering, working on public projects, and informal help to friends and strangers (Robert
D. Putnam 2000, 119, 206). This may be because people who reside in large communities ...
D Karlan… - Journal of the European Economic …, 2008 - Wiley Online Library
Abstract We compare survey self-reports with administrative data and find that nearly 50% of
recent borrowers do not report their high-interest consumer loans. Under-reporting appears
to be correlated with several characteristics of interest, in particular gender: 62% of ...
X Gine… - January, Yale University Department of …, 2008 - karlan.yale.edu
ABSTRACT The group liability contract feature is often named as key to the growth in
lending markets for the poor. Group liability purports to improve repayment rates by
providing incentives for peers to screen, monitor and enforce each other's loans. However, ...
D Karlan… - forthcoming, QFinance, 2009 - ifmr.ac.in
Sameer is a farmer who subsists on three acres of land in rural India. While much of the land
is fertile, nearly 50% of his income goes towards the interest payments from money-lender
loans, loans which are necessary to finance his crops. Moreover, some of his land is ...
" A leading economist and researcher report from the front lines of a revolution in solving the
world's most persistent problem. When it comes to global poverty, people are passionate
and polarized. At one extreme: We just need to invest more resources. At the other: We've ...
D Karlan… - Yale University Economic Growth Center …, 2005 - papers.ssrn.com
Abstract: The price elasticity of demand for credit has major implications for
macroeconomics, finance, and development. We present estimates of this parameter
derived from a randomized trial. The experiment was implemented by a consumer ...
D Karlan… - Science, 2011 - sciencemag.org
Abstract Microcredit institutions spend billions of dollars fighting poverty by making small
loans primarily to female entrepreneurs. Proponents argue that microcredit mitigates market
failures, spurs micro-enterprise growth, and boosts borrowers' well-being. We tested these ...
N Ashraf, X Giné… - American Journal of …, 2009 - ajae.oxfordjournals.org
Abstract Farmers may grow crops for local consumption despite more profitable export
options. DrumNet, a Kenyan NGO that helps small farmers adopt and market export crops,
conducted a randomized trial to evaluate its impact. DrumNet services increased ...
D Karlan, MM Mobius, TS Rosenblat… - Institute for Advanced …, 2005 - nber.org
Abstract We propose a methodology to measure trust within a social network and apply it in
a field experiment in shantytowns of Lima, Peru. We model trust as a transaction cost which
an agent pays to gain permission to use someone else's asset. Social closeness reduces ...
L Fernald, R Hamad,
D Karlan, E Ozer… - BMC Public …, 2008 - biomedcentral.com
Background In the developing world, access to small, individual loans has been variously
hailed as a poverty-alleviation tool–in the context of" microcredit"–but has also been
criticized as" usury" and harmful to vulnerable borrowers. Prior studies have assessed ...
R Godoy,
DS Karlan, S Rabindran… - Economics of Education …, 2005 - Elsevier
N Ashraf,
D Karlan… - World development, 2010 - Elsevier
Female “empowerment” has increasingly become a policy goal, both as an end to itself and
as a means to achieving other development goals. Microfinance in particular has often been
argued, but not without controversy, to be a tool for empowering women. Here, using a ...
G Alexander-Tedeschi… - … manuscript, Department of …, 2006 - poverty-action.org
Development (USAID), to assess impact. This tool recommends comparing veteran
members to new members of a microcredit program, and attributes any difference to the
impact of the program. The tool introduces a potential source of bias into estimates of ...
AP Zwane, J Zinman, E Van Dusen… - Proceedings of the …, 2011 - National Acad Sciences
N Ashraf,
D Karlan… - 2006 - papers.ssrn.com
Abstract: Commitment devices for savings could benefit those with self-control as well as
familial or spousal control issues. We find evidence to support both motivations. We examine
the impact of a commitment savings product in the Philippines on household decision ...
J Jamison,
D Karlan… - Journal of Economic Behavior & …, 2008 - Elsevier
Experimental economists believe (and enforce the idea) that researchers should not employ
deception in the design of experiments. This rule exists in order to protect a public good: the
ability of other researchers to conduct experiments and to have participants trust their ...
M Bruhn,
D Karlan… - American Economic Review: …, 2010 - poverty-action.org
What capital is missing in developing countries? We put forward “managerial capital”, which
is distinct from human capital, as a key missing form of capital in developing countries. And it
has also been curiously missing in the research on growth and development. We argue in ...
[CITATION] Female Empowerment: Further Evidence from a Commitment Savings Product in the Philippines
N Ashraf, D Karlan… - Yale University Economic Growth Center Discussion …, 2006
X Gine,
D Karlan… - Mimeogr., Dep. Econ., Yale Univ, 2008 - nber.org
Abstract We designed and tested a voluntary commitment product to help smokers quit
smoking. The product (CARES) offered individuals a savings account in which they deposit
funds for six months, after which they take a urine test for nicotine and cotinine. If they pass ...
N Ashraf, X Giné… - 2006 - ruralfinance.org
Abstract This paper evaluates a program in Kenya that encourages the production of
exportoriented crops by providing smallholder farmers with credit linked to agricultural
extension and marketing services. We use an experimental design in which farmer ...
SE Ha… - American Politics Research, 2009 - apr.sagepub.com
Page 1. American Politics Research Volume 37 Number 2 March 2009 353-369 ©
2009 Sage Publications 10.1177/1532673X08329444 http://apr.sagepub.com hosted
at http://online.sagepub.com 353 Authors' Note: The authors ...
[CITATION] Teaching entrepreneurship: Impact of business training on microfinance institutions and clients
D Karlan… - Yale University Economic Growth Center working …, 2006
GA Tedeschi… - Perspectives on Global Development …, 2010 - ingentaconnect.com
Abstract: To assess the impact of microcredit programs, several microfinance organizations
have begun using a management tool developed by Assessing the Impact of
Microenterprise Services (AIMS) at the United States Agency for International ...
[CITATION] Pricing psychology: a field experiment in the consumer credit market
M Bertrand,
D Karlan, S Mullainathan, E Shafir… - Manuscript, Princeton Univ, 2006
A Chong, L Ana,
D Karlan… - … , Public Goods and …, 2010 - harrisschool.uchicago.edu
Abstract Does information about local government's performance spark participation in local
elections? Are more informed voters more likely to topple incumbents who govern badly? In
this article we examine the effects of an information campaign on electoral participation ...
B Ananth,
D Karlan… - Unpublished (DRAFT), 2007 - poverty-action.org
How do microfinance clients manage their cash? What drives and constrains their
investment behavior? Is there an underlying pattern in their occupational choices? Gaining
insight on these questions is important, because it helps us understand the scalability of ...
[CITATION] Forthcoming. Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts
D Karlan… - Review of Financial Studies
D Karlan… - Center for Global Development Working Paper …, 2007 - papers.ssrn.com
Abstract: This working paper by CGD non-resident fellow Dean Karlan explores whether
group liability in lending practices improves lender's overall profitability and the poor's
access to financial markets. Group liability is a common microcredit lending mechanism ...
G Alexander-Tedeschi,
D Karlan… - Unpublished mimeo, 2007 - poverty-action.org
Development (USAID), to assess impact. This tool recommends comparing veteran
members to new members of a microcredit program, and attributes any difference to the
impact of the program. The tool introduces a potential source of bias into estimates of ...
D Karlan… - Cambridge, MA, Jameel Poverty Action Lab …, 2009 - papers.ssrn.com
Abstract: Microcredit seeks to promote business growth and improve well-being by
expanding access to credit. We use a field experiment and follow-up survey to measure
impacts of a credit expansion for microentrepreneurs in Manila. The effects are diffuse, ...
Theories abound for why individuals give to charity. We conduct a field experiment with
donors to a Yale University service club to test the impact of a promise of public recognition
on giving. Some may claim that they respond to an offer of public recognition not to ...
D Karlan - Journal of development effectiveness, 2009 - Taylor & Francis
The authors were asked to discuss specific methodological approaches to evaluating three
hypothetical interventions. This article uses this forum to discuss three misperceptions about
randomised trials. First, nobody argues that randomised trials are appropriate in all ...
... 980 Commitment Contracts Gharad Bryan Yale University Dean Karlan Yale University Innovations
for Poverty Action Jameel Poverty Action Lab Scott Nelson Yale University ... Commitment Devices
Gharad Bryan,* Dean Karlan† and Scott Nelson‡ § September 9, 2009 Abstract ...
X Giné… - 2009 - papers.ssrn.com
... Manila Dean Karlan Yale University Innovations for Poverty Action Jameel Poverty Action Lab
Financial Access Initiative ... Above all we thanks the Lender for generously providing the data from
its credit scoring experiment. Dean.karlan@yale.edu; jzinman@dartmouth.edu. ...
J Jamison… - Games and Economic Behavior, 2009 - Elsevier
... All errors are our own. * Corresponding author at: University of Southern California, Los Angeles,
CA, USA. E-mail addresses: julison@gmail.com (J. Jamison), dean.karlan@yale.edu (DS Karlan).
0899-8256/$ see front matter 2008 Elsevier Inc. All rights reserved. ...
[CITATION] Social Capital and Group Banking
K Dean - Princeton University, 2003
[CITATION] Measuring Microfinance
D Karlan - 2008 - Stanford Social Innovation Review
[CITATION] Forthcoming.“Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines.”
N Ashraf, D Karlan… - Quarterly Journal of Economics
To further our understanding of the economics of charity, we conducted a natural field
experiment. Making use of two direct mail solicitations sent to nearly 20,000 prior donors to a
charity, we tested the effectiveness of 1: 1 and 1: 3 matching grants on charitable giving. ...
[CITATION] The impact of offering consulting services to small and medium enterprises: evidence from a randomized trial in Mexico
M Bruhn, D Karlan… - manuscript, Harvard University, 2010
[CITATION] Social capital and group lending
D Karlan - Woodrow Wilson School, Princeton, 2003
J Hahn,
K Hirano… - Journal of Business and Economic Statistics, 2011 - ASA
Many social experiments are run in multiple waves or replicate earlier social experiments. In
principle, the sampling design can be modified in later stages or replications to allow for
more efficient estimation of causal effects. We consider the design of a two-stage ...
D Karlan, M Valdivia, T Harigaya… - 2006 - mfbbva.org
Abstract This paper presents an application of the randomized controlled trial methodology
to evaluating modifications to the design of microcredit programs. As microfinance becomes
an even more popular tool for fighting poverty, institutions innovate in their products and ...
N Ashraf,
DS Karlan, W Yin… - 2003 - aida.econ.yale.edu
Page 1. Page 2. ERD Technical Note No. 8 Testing Savings Product Innovations Using
an Experimental Methodology Nava Ashraf Dean S. Karlan Wesley Yin November
2003 Nava Ashraf is a Ph.D. candidate in the Department ...
J Jamison,
DS Karlan… - 2006 - papers.ssrn.com
... Julian Jamison University of California, Berkeley Dean Karlan Yale University Laura Schechter
University of Wisconsin, Madison June 2006 ... Julian Jamison University of California, Berkeley
julison@berkeley.edu Dean Karlan Yale University dean.karlan@yale.edu ...
[CITATION] sWhatrs Psychology Worth
M Bertrand, D Karlan, S Mullainathan, E Shafir… - A Field Experiment in the …, 2006
If you listen to the strongest pitches for microfinance, you would imagine that everyone
offered microfinance would leap at the chance to be a customer. Yet this is not so. Evidence
shows that it's usual that under half of eligible households participate in microfinance. ...
[CITATION] The market valuation of cross-corporate equity holdings
D Bergstresser… - Manuscript. Cambridge: Massachusetts Inst. Tech, 2000
[CITATION] Expanding credit access: using randomized credit supply decisions to estimate the impacts
D Karlan… - Yale University and Dartmouth College, draft, 2006
[CITATION] Effects of Robotic Calls on Voter Mobilization
D Green… - Unpublished Manuscript. Institution for Social and …, 2006
[CITATION] Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Experiment
D Karlan… - forthcoming, Econometrica, 2007
[CITATION] The Price Elasticity of Demand for Credit: Evidence and Implications from a Randomized Field Experiment
D Karlan… - 2004 - … and Federal Reserve Bank of New …
[CITATION] The Handbook of Development Economics, Chapter 5, Access to Finance
D Karlan… - 2010 - North-Holland
N Goldberg… - 2006 - poverty-action.org
Impact evaluations can be used either to estimate the impact of an entire program or to
evaluate the effect of a new product or policy. In either case, the fundamental evaluation
question is the same:“How are the lives of the participants different relative to how they ...
Microfinance has been heralded as an effective way to address imperfections in credit
markets. From a theoretical perspective, however, the success of microfinance contracts has
puzzling elements. In particular, the group-based mechanisms often employed are ...
[CITATION] Research Proposal: An Evaluation of the Impact of CrediAmigo and the Expansion of Access to Financial Services in Brazil
E Skoufias, S Sanchez, P Olinto… - Washington, DC: World Bank, 2006
D Karlan, N Goldberg… - Enterprise Development …, 2009 - ingentaconnect.com
Abstract: In our regular debate between experts, Crossfire invites Dean Karlan, Nathanael
Goldberg and James Copestake to argue the case surrounding:'Randomized control trials
are the best way to measure impact of microfinance programmes and improve ...
[CITATION] Small Cash Loans and Mental Health: A Randomized Controlled Trial among South African Adults
L Fernald, R Hamad, D Karlan, E Ozer… - 2008 - June
D Karlan… - Working Papers, 2009 - ideas.repec.org
Group liability in microcredit purports to improve repayment rates through peer screening,
monitoring, and enforcement. However, it may create excessive pressure, and discourage
reliable clients from borrowing. Two randomized trials tested the overall effect, as well as ...
[CITATION] Observing Unobservables
D Karlan… - Yale University Economic Growth Center Discussion …, 2005
D Karlan, E Kutsoati, M McMillan… - Journal of Risk and …, 2011 - Wiley Online Library
Farmers face a particular set of risks that complicate the decision to borrow. We use a
randomized experiment to investigate (1) the role of crop-price risk in reducing demand for
credit among farmers and (2) how risk mitigation changes farmers' investment decisions. ...
[CITATION] Pricing Psychology: A Field Experiment
M Bertrand, D Karlan, S Mullainathan, E Shafir… - 2004 - mimeo
R Hamad, LCH Fernald… - BMC public health, 2011 - biomedcentral.com
Poverty, lack of female empowerment, and lack of education are major risk factors for childhood
illness worldwide. Microcredit programs, by offering small loans to poor individuals, attempt to
address the first two of these risk factors, poverty and gender disparity. They provide clients ...
[CITATION] Microfinance Games. Economic Growth
X Giné, P Jakiela, DS Karlan… - Center Yale University. Center Discussion …, 2006
[CITATION] Using Experimental Economics to Measure Social Capital and Predict Financial Decisions Forthcoming, American Economic Review
R Gazzale, J Jamison, A Karlan… - Economic Inquiry, 2009 - Wiley Online Library
We conduct a two-phase laboratory experiment, separated by several weeks. In the first
phase, we conduct urn games intended to measure ambiguity aversion on a representative
population of undergraduate students. In the second phase, we invite the students back ...
[CITATION] Cross Sectional Impact Analysis: Bias from Dropouts. Perspectives on Global Development and Technology (forthcoming)
G Alexander-Tedeschi… - 2010
[CITATION] List.(2007) rDoes Price Matter in Charitable Giving
D Karlan… - Evidence from a Large (Scale Natural Field Experiment …
[CITATION] Take-up
D Karlan, J Morduch… - Financial Access Initiative Framing Note, 2010
[CITATION] Group versus Individual Liability: Long Term Evidence from Philippine Microcredit Lending Groups
G Xavie… - 2009 - MIMEO, Yale
[CITATION] Access to finance. Handbook of Development Economics. Dani Rodrik and Mark Rosenzweig
D Karlan… - 2009 - Elsevier
[CITATION] Forthcoming.“Teaching Entrepreneurship: Impact of Business Training on Microfinance Institutions and Clients.”
D Karlan… - Review of Economics and Statistics
[CITATION] kCredit Elasticities in Less Developed Countries: Im% plications for Microfinance, lforthcoming
D Karlan… - American Economic Review, 2007
[CITATION] kTrust and Social Collateral, lforthcoming in the Quarterly Journal of Economics
D Karlan, M Mobius, T Rosenblat… - 2009 - November
[CITATION] Pricing psychology
M Bertrand, D Karlan, S Mullainathan… - 2004 - Mimeo, Harvard University
[CITATION] Examining Underinvestment in Agriculture: Returns to Capital and Insurance in Ghana
D Karlan, I Osei-Akoto, R Osie… - 2010 - November
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