The psychological model of thinking about money assumes that implicit reminders of money lead to self-sufficient motivation. Previous research has demonstrated that children react to money in similar ways to adults. The priming of young children with money related concepts or images has negatively affected their social behavior and social preferences, leading them to make more individualist and...

With the introduction of mobile money in India beginning in 2010, we wanted to research empirical understandings about the role of mobile money in replacing cash among migrant workers in South India. We also wanted to understand the role of middlemen in this broad ecosystem. Lastly we wanted to understand whether the users feel a sense of trust when using mobile money. We find that on average, ...

The essentiality of money is commonly justified on effi ciency grounds. In this paper, we propose an alternative view on the essentiality of money. We consider an economy with limited monitoring where agents have to coordinate on the use of two alternative technologies of exchange, money and credit. We show that although credit strictly dominates money from an effi ciency perspective, money is ...