The Role of Informal Organizations in Resettlement Adjustment Process: A Case Study of Iqubs, Idirs, and Mahabers in the Ethiopian Community in Toronto

Mequanent, Getachew

doi:10.25071/1920-7336.21195

Cited by 12 publications

(7 citation statements)

References 9 publications

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“…Rotating savings and credit associations are found throughout Africa and, in the Caribbean, are part of the region's African heritage (Handa and Kirton 1999). These associations have also been observed in immigrant communities, providing Ethiopian (Mequanent 1996) and West Indian (Foner 1979) immigrants with the capital necessary to purchase homes. Due to their ubiquity in Africa and the Caribbean, and their endurance over time and place, credit-pooling groups may assist other black immigrant groups in accumulating the capital necessary to purchase homes as well.…”

Section: Nativity-based Determinants Of Homeownershipmentioning

confidence: 96%

The Interaction between Race and Nativity on the Housing Market: Homeownership and House Value of Black Immigrants in the United States

Tesfai

2016

International Migration Review

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There is extensive research investigating race and nativity disparities in the US housing market, but little focuses on the group representing the intersection of the two literatures. This study investigates whether black immigrants are disadvantaged due to racial stratification or are able to leverage human or ethnic capital into positive housing market outcomes compared to US-born blacks. I find that racial stratification affects the housing market outcomes of black immigrants. However, high homeownership and house value relative to US-born blacks suggest that immigrants are able to use ethnic community capital to avoid some of the disadvantage experienced by native-born blacks.

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Section: Nativity-based Determinants Of Homeownershipmentioning

confidence: 96%

The Interaction between Race and Nativity on the Housing Market: Homeownership and House Value of Black Immigrants in the United States

Tesfai

2016

International Migration Review

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“…Roscas often serve a dual role of community-building institutions. Consequently, participants tend to observe signals about each others' shocks, and act with mutual aid in mind (Klonner 2008;Mequanent 1996).…”

Section: Discussionmentioning

confidence: 99%

“…A large body of anthropological and empirical work on roscas shows that participants in the same rosca tend to have similar economic circumstances (see Ardener 1964;Aredo 2004;Mequanent 1996). So, following the theory literature, we assume U and w (and hence C) are identical across participants, even if the value for receiving the pot differ between participants (Besley, Coate, and Loury 1994;Kovsted and Lyk-Jensen 1999;Klonner 2001).…”

Section: Roscas With Paymentsmentioning

confidence: 99%

“…Examples include roscas based on random lottery allocations or those based on seniority or social status (Anderson, Baland, and Moene 2009;Kovsted and Lyk-Jensen 1999). To improve total welfare, it is common practice for participants to engage in an aftermarket by buying or selling their assigned allocations when it is mutually beneficial, i.e., by swapping rounds in the rosca (Mequanent 1996).…”

Section: Swap Roscasmentioning

confidence: 99%

“…As is common in the literature and in practice, we assume that the aftermarket occurs via a series of two-agent swaps (Mequanent 1996;Bouman 1995b;Ardener 1964). We assume these swaps can occur at any round t. We denote by p t the vector of payments for round t, which are initialized to 0 for each round and updated as swaps occur.…”

Section: Theoretical Analysismentioning

confidence: 99%

See 2 more Smart Citations

An Algorithmic Introduction to Savings Circles

Abebe

Eck

Christian

et al. 2022

AAAI

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Rotating savings and credit associations (roscas) are informal financial organizations common in settings where communities have reduced access to formal financial institutions. In a rosca, a fixed group of participants regularly contribute sums of money to a pot. This pot is then allocated periodically using lottery, aftermarket, or auction mechanisms. Roscas are empirically well-studied in economics. They are, however, challenging to study theoretically due to their dynamic nature. Typical economic analyses of roscas stop at coarse ordinal welfare comparisons to other credit allocation mechanisms, leaving much of roscas' ubiquity unexplained. In this work, we take an algorithmic perspective on the study of roscas. Building on techniques from the price of anarchy literature, we present worst-case welfare approximation guarantees. We further experimentally compare the welfare of outcomes as key features of the environment vary. These cardinal welfare analyses further rationalize the prevalence of roscas. We conclude by discussing several other promising avenues.

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Continued Success or Caught in the Housing Bubble? Black Immigrants and the Housing Market Crash

Tesfai

2017

Popul Res Policy Rev

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The Role of Informal Organizations in Resettlement Adjustment Process: A Case Study of Iqubs, Idirs, and Mahabers in the Ethiopian Community in Toronto

Cited by 12 publications

References 9 publications

The Interaction between Race and Nativity on the Housing Market: Homeownership and House Value of Black Immigrants in the United States

The Interaction between Race and Nativity on the Housing Market: Homeownership and House Value of Black Immigrants in the United States

An Algorithmic Introduction to Savings Circles

Continued Success or Caught in the Housing Bubble? Black Immigrants and the Housing Market Crash

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