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Replication data for: What Does Debt Relief Do for Development? Evidence from India's Bailout for Rural Households

Version
1
Resource Type
Dataset
Creator
  • Kanz, Martin
Publication Date
2016-10-01
Description
  • Abstract

    This paper studies the impact of debt relief, using a natural experiment arising from India's "Agricultural Debt Waiver and Debt Relief Scheme," one of the largest household-level debt relief initiatives in history. I find that debt relief has a substantial impact on household balance sheets, but does not affect savings, consumption and investment, as predicted by theories of debt overhang or balance sheet distress. Instead, debt relief leads to greater reliance on informal credit, reduced investment, and lower agricultural productivity. Consistent with moral hazard generated by the bailout, beneficiaries are significantly less concerned about the reputational consequences of future default.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/app.20130399 (Text)
Publications
  • Kanz, Martin. “What Does Debt Relief Do for Development? Evidence from India’s Bailout for Rural Households.” American Economic Journal: Applied Economics 8, no. 4 (October 2016): 66–99. https://doi.org/10.1257/app.20130399.
    • ID: 10.1257/app.20130399 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Kanz, Martin (2016): Replication data for: What Does Debt Relief Do for Development? Evidence from India's Bailout for Rural Households. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116332V1