# **<u>Table 1: Summary Statistics</u>**

|<br>**Variable**|**N**|**Mean**|**Std. Dev**|**Min**|**10th pctile**|**50th pctile**|**90th pctile**|**Max**|
|---|---|---|---|---|---|---|---|---|
|Panel A: Baseline sample (stage 1)|||||||||
|Change in Allocation to Sooner between Periods Averaged Across All Interest Rates (M|2142|15.69561|302.6607|-2000|-280|0|340|2000|
|Fraction Present Biased, All Interest Rates|2142|0.2858077|0.2710615|0|0|0.2|0.6|1|
|Fraction Present Biased, Non-Implemented Interest Rates|2142|0.284197|0.2844093|0|0|0.25|0.75|1|
|Fraction of Decisions Consistent with Law of Demand|2142|0.8087652|0.1785346|0.125|0.5|0.875|1|1|
|Fraction of All Tokens Allocated to "Sooner"|2142|0.3696156|0.1900493|0|0.1|0.389|0.578||
|Implemented Interest Rate|2142|0.6230159|0.327678|0.1|0.1|0.75|1|1|
|Demographics|||||||||
|Male|2142|0.4995331|0.5001165|0|0|0|1|1|
|Respondent's Own Age|2142|46.47059|14.0189|18|28|46|65|95|
|Age 35 or under|2142|0.2432306|0.4291334|0|0|0|1|1|
|36-56 years old|2142|0.5060691|0.5000799|0|0|1|1|1|
|Respondent's Spouse's Age|2142|46.47806|14.04391|18|28|46|65|95|
|Years of Schooling|2142|4.474323|4.196598|0|0|4|8|77|
|Some Primary School|2142|0.6092437|0.4880338|0|0|1|1|1|
|<br>Primary School|2142|0.1507937|0.3579312|0|0|0|1|1|
|<br>More than Primary School|2142|0.0723623|0.2591473|0|0|0|0|1|
|<br>Have Adequate Maize|2142|0.2161531|0.411716|0|0|0|1|1|
|Number of Relatives in Village|2142|4.636788|8.630064|0|0|2|10|132|
|<br>Total Number of People in Village|2142|177.0808|258.4724|0|35|120|320|4000|
|Aptitude Questions|||||||||
|Words Recalled - First Time|2142|4.810924|1.314317|0|3|5|6|10|
|Number Correct on Raven's Matrices|2142|1.527544|0.921454|0|0|2|3|3|
|Financial Literacy Questions Correct|2142|0.7329599|0.9850003|0|0|0|2|3|
|Wealth and Income|||||||||
|Total HH Wealth|2142|11448.53|27312.69|40|1020|4446|25800|695025|
|HH Total in Bank|2142|447.8565|2358.961|0|0|0|700|54000|
|HH Total Cash|2142|156.2605|1353.264|0|0|0|100|34000|
|HH Items|2142|6217.828|19736.89|0|600|2346|11625|588290|
|HH Animals|2142|4626.581|10776.44|0|0|1250|12150|123600|
|Expected Income (in period between baseline and revisit)|2142|1758.147|6306.995|0|0|50|4470|137700|
|Panel B: Revisit sample (stage 2)|||||||||
|Change in Sooner Allocation upon Revisiting (MK)|661|61.42209|595.9793|-2000|-600|0|900|2100|
|Indicator: Change in Sooner Allocation Upon Revisiting is Negative|661|0.3131619|0.4641308|0|0|0|1|1|
|Indicator: Change in Sooner Allocation Upon Revisiting is Positive|661|0.3403933|0.4742003|0|0|0|1|1|
|Fraction Present Biased, All Interest Rates|661|0.303177|0.2818858|0|0|0.2|0.8|1|
|Fraction Present Biased, Non-Implemented Interest Rates|661|0.2991679|0.2949115|0|0|0.25|0.75|1|
|Fraction of Decisions Consistent with Law of Demand|661|0.8127837|0.1725235|0.25|0.625|0.875|1|1|
|Fraction of All Tokens Allocated to "Sooner"|661|0.3616238|0.1849919|0|0.111|0.378|0.567||
|Days to First Disbursement at Revisit (Targeted)|661|9.217852|4.42353|2|3|10|15|16|
|Days to First Disbursement at Revisit (Actual)|661|8.97882|4.450009|1|3|9|15|16|
|Indicator: Days to First Disbursement (Targeted) is 6 days or less|661|0.3252648|0.4688285|0|0|0|1|1|
|<br>Implemented Interest Rate|661|0.5811649|0.3206835|0.1|0.1|0.75|1|1|
|Shocks|||||||||
|Death in Family|661|0.0226929|0.1490353|0|0|0|0|1|
|Shock to Expected HH Income|661|114.2061|714.5865|-2985|-90|0|350|13735|
|Spouse minus own allocation to sooner (MK)|661|712.2542|488.8929|0|0|700|1400|2000|

Notes: Both baseline and revisit datasets are at individual level. Baseline dataset (Panel A) composed of wife-husband pairs interviewed separately in Jan-Feb 2010. Revisit dataset (Panel B) constructed by first randomly choosing 2/3 of households surveyed at baseline and then randomly choosing either husband or wife within household. Revisit interviews occurred in Mar-Apr 2010, with target revisit date randomly chosen to fall between 46 to 59 days after baseline interview (16 to 2 days prior to first "far" period disbursement at day 61).