Taking Control
Social and familial financial transfers are common in low-income communities and have positive social effects. To address this challenge, the authors designed and implemented a financial innovation to lower redistributive pressure among female cashew-processing workers: a blocked savings account into which gains in workers’ earnings get transferred. Take-up of the private account was substantially higher at 60 percent, compared to 14 percent for the non-private account. Being offered a private account increased workers’ attendance by 9.7 percent and earnings by 11.4 percent. The estimates imply that workers face a 9-23 percent social tax rate, and that the welfare benefits of informal redistribution may come at the cost of depressing labor supply and productivity.
| Main Authors: | , , , |
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| Format: | Brief biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2023-07-13
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| Subjects: | AFRICA GENDER POLICY, GENDER INNOVATION LAB, WOMEN AND AGRICULTURE, WOMEN AND PRIVATE SECTOR DEVELOPMENT, WOMEN AND PROPERTY RIGHTS, WOMEN AND YOUTH EMPLOYMENT, WOMEN AND SOCIAL NORMS, |
| Online Access: | http://documents.worldbank.org/curated/en/099500206282349231/IDU00fdb196a0eb32046b40a7990f0210fb6ace7 https://openknowledge.worldbank.org/handle/10986/39996 |
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