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 M3//EN
VERSION:2.0
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20170427T112436Z
DTSTART:20170502T120000Z
DTEND:20170502T130000Z
SUMMARY:Development Economics Seminar: Chris Woodruff (University of Oxfo
 rd)
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}z21-ixt3r3q
 z-oeuhay
DESCRIPTION:Title: What Are the Headwaters of Formal Savings? Experimenta
 l Evidence from Sri Lanka.\nAbstract: When households increase their dep
 osits in formal bank savings accounts\, what is the source of the money?
  We combine high-frequency surveys with an experiment in which a Sri Lan
 kan bank used mobile Point-of-Service (POS) terminals to collect deposit
 s directly from households each week. We find that the headwaters of for
 mal savings are in sacrificed leisure time: households work more\, with 
 evidence that improved savings options generate an increase in labor eff
 ort in both self-employment and the wage market. The results are consist
 ent with a standard neo-classical model of the effect of real interest r
 ate changes on intertemporal labor allocation\, and suggest that the lab
 or allocation channel is an important mechanism linking savings opportun
 ities to income.
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:G.030/31\, Arthur Lewis Building\, Manchester
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