Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution
We explore the impact of reduced transaction costs on risk sharing by estimating the effects of a mobile money innovation on consumption. In our panel sample, adoption of the innovation increased from 43 to 70 percent. We find that, while shocks reduce consumption by 7 percent for nonusers, the cons...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2014
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| Online Access: | http://hdl.handle.net/1721.1/88137 https://orcid.org/0000-0002-7552-7945 |