Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98194
Authors: 
Karlan, Dean
Jamison, Julian
Zinman, Jonathan
Year of Publication: 
2014
Series/Report no.: 
Center Discussion Paper, Economic Growth Center 1040
Abstract: 
Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for youth. We randomly assign 250 youth clubs to receive either financial education, access to a cheap group account, or both. The financial education treatments increase financial literacy; the account-only treatment does not. Administrative data shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total savings shows roughly equal increases across all treatment arms. Earned income also increases in all treatment arms. We find little evidence that education and account access are strong complements, and some evidence they are substitutes.
Subjects: 
financial education
financial literacy
financial access
savings
youth savings
microsaving
JEL: 
D12
D91
O12
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.