Ítem
Acceso Abierto

The trade-off between liquidity and insurance: voucher payments in a lab-in-the-field experiment with Colombian rural workers

Mostrar el registro sencillo de la publicación
dc.creatorRestrepo, Medardospa
dc.creatorMantilla Ribero, César Andrésspa
dc.creatorCortés Cortés, Darwinspa
dc.creatorPrada, Lauraspa
dc.creatorCano, Alexanderspa
dc.date.accessioned2025-06-05T20:20:41Z
dc.date.available2025-06-05T20:20:41Z
dc.date.created2022-03-01spa
dc.date.issued2022-03-01spa
dc.descriptionWe conduct a lab-in-the-field experiment in which 214 rural workers must choose between a cash or a voucher payment for completing a real-effort task. Participants face a twenty-percent chance of suffering a negative shock that will reduce their cash payment by roughly two-thirds. Opting for the voucher reduces the likelihood of the shock by one-half. We employ a multiple-price list with a varying voucher payment and a fixed cash payment to study this trade-off relevant for expanding the coverage and contributions of rural labor formalization. We find that take-up rates go from 32% to 56%, from the least to the more generous voucher. In a reference sample of undergrad students from the same region, take-up rates went from 17% to 33%. Voucher redemption costs are exogenously manipulated by randomly assigning the show-up fee in cash or vouchers. Lower redemption costs induce a higher voucher take-up, but only among students. Being a rural worker with land, and receiving government subsidies in cash, predict a higher voucher take-up.spa
dc.format.extent31 ppspa
dc.format.mimetypeapplication/pdfspa
dc.identifier.doihttps://doi.org/10.48713/10336_45566
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/45566
dc.language.isoengspa
dc.publisherUniversidad del Rosariospa
dc.publisherAlianza EFIspa
dc.publisher.departmentFacultad de Economíaspa
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationalspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccessspa
dc.rights.accesoAbierto (Texto Completo)spa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordLab-in-the-field experimenteng
dc.subject.keywordRural workerseng
dc.subject.keywordCash paymenteng
dc.subject.keywordVoucher paymenteng
dc.subject.keywordReal-effort taskeng
dc.subject.keywordNegative shockeng
dc.subject.keywordRural labor formalizationeng
dc.subject.keywordMultiple-price listeng
dc.subject.keywordTake-up rateseng
dc.subject.keywordVoucher redemption costseng
dc.titleThe trade-off between liquidity and insurance: voucher payments in a lab-in-the-field experiment with Colombian rural workersspa
dc.typeworkingPaperspa
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersionspa
dc.type.spaDocumento de trabajospa
local.department.reportFacultad de Economía
Archivos
Bloque original
Mostrando1 - 1 de 1
Miniatura
Nombre:
WP2-2022-003.pdf
Tamaño:
849.11 KB
Formato:
Adobe Portable Document Format
Descripción:
Descargar
Colecciones
Alianza EFI