William Jack|Tavneet Suri
Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution
Georgetown University|Massachusetts Institute of Technology
explore impact reduced transaction costs risk sharing estimating effects mobile money innovation consumption panel sample adoption innovation increased 43 70 percent find shocks reduce consumption 7 percent nonusers consumption user households unaffected mechanisms underlying consumption effects increases remittances received diversity senders report robustness checks supporting results use fourfold expansion mobile money agent network source exogenous variation access innovation jel e42 g22 o16 o17 z13