Kundu, AMIT (2010): Can Microcredit and Job Under NREGS Jointly Bring More Happiness to the Villagers? Published in: IUP Journal of Governance and Public Policy , Vol. VI, No. March, 2011 : pp. 7-23.
Download (232kB) | Preview
This paper aims to investigate whether access to microfinance loan and job under National Rural Employment Guarantee Scheme (NREGS) have any significant impact to bring life satisfaction as well as happiness, an important well-being indicator to the villagers of West Bengal. Here we consider microfinance system under individual liability loan contract and joint liability loan contract separately. This paper shows participation in microfinance programme, size of microcredit and more number of man-days of getting job under NREGS bring more happiness to the village people. It is also established that members of Self-Help Group under SGSY scheme become happier in compare to members of VSSU a microfinance system operating on the basis of individual liability loan contract. This is because most of the members under SGSY scheme are women and that of VSSU are men and the members of Self-Help Group under SGSY scheme have become much more empowered after joining the microfinance programme through forming Self-Help Group.
|Item Type:||MPRA Paper|
|Original Title:||Can Microcredit and Job Under NREGS Jointly Bring More Happiness to the Villagers?|
|Keywords:||Microfinance, Individual Liability, Joint Liability, NREGS, Impact Study, Happiness|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages|
|Depositing User:||AMIT KUNDU|
|Date Deposited:||18. Mar 2011 13:40|
|Last Modified:||23. Jun 2015 20:43|
Becchetti.L., Castriota.S., Salferino.N. (2010), “The Effect of a Calamity on Income and Well-beings of Poor Microfinance Borrowers: The Case of the 2004 Tsunami Shock”, Journal of Development Studies Vol.46, No.2, 211-233
Berkman P. (1971), ‘Life Stress and Psychological Well-being’ Journal of Health and Social Behaviour 12: 31-45,
Besley, T, S. Coate and Loury. G. (1993): “The Economics of Rotating Savings and Credit Association’. American Economic Review 83:792-810.
Blanchflower.D. and Oswald. A. (2004), ‘Wellbeing over time in Britain and the USA’, Journal of Public Economics 88, 1359-87.
Chaison .N. L.Dube & J.P. Blondin (1996)’ “Happiness: A Look in to Folk Psychology of Four Cultural Groups”, Journal of Cross-Cultural Psychol, 27: 673-691.
Clark, A.E. and Oswald, A.J.(1994), “Unhappiness and Unemployment”, Economic Journal, 104: 648-59
Diener.E. and Seligman, Martin.E.P. (2003) “Beyond Money: Toward an Economy of Well-Being”, Psychological Science in the Public Interest, 51: 1-31
Graham .C. and Pettinato. S. (2002), “Happiness and Hardship: Opportunity and Insecurity in New Market Economies’ Washington DC: The Brookings Institution.
Herrera.J., Razafindrakota.M. and Rouband. F. (2006); “The Determinats of Subjective Poverty: A Comparative Analysis between Madagascar and Peru”, DIAL, Documents the travail, DT.(2006).
Oswald, A.J. (1997), “Happiness and Economic Performance” The Economic Journal, 107 (November): 1815-31.
Sen Amartya Kumar (1993), “Capability and Well-Being” in M. Nussabaum and A.Sen edited’ The Quality of Life” Oxford: Clarendon Press.
Sugden. R. (1993) ,“ Welfare, Resources and Capabilities: A Review of Inequality Reexamined by Arartya Sen”, Journal of Economic Literature 31: 1947-62.
Sugden.R. (2004), “Fellow Feelings”, ‘Economics and Social Interaction’ Edited by R. Sugden and B.Gui, Cambridge: Cambridge University Press.
Townsend, R. (1994). “Risk and Insurance in Village India”, Econometrica 62:3, 539-591.