Five-year impacts of group-based financial education and savings promotion for Ugandan youth
Horn, S; Jamison, JC; Karlan, D; et al.Zinman, J
Date: 29 May 2023
Article
Journal
The Review of Economics and Statistics
Publisher
MIT Press
Publisher DOI
Abstract
We experimentally evaluate group-based financial education, savings account access, or both for members of Ugandan youth groups. We measure both short- and long-run impacts with one- and five- year endline household surveys. Education, but not account access, increases measured financial knowledge and trust at one-year. At five-years, ...
We experimentally evaluate group-based financial education, savings account access, or both for members of Ugandan youth groups. We measure both short- and long-run impacts with one- and five- year endline household surveys. Education, but not account access, increases measured financial knowledge and trust at one-year. At five-years, knowledge effects essentially disappear, and trust effects weaken. However, savings and income increase for each treatment at both endlines, which is noteworthy given the interventions’ low cost and the long time horizon of our second endline. Exploring potential mechanisms, we find evidence consistent with multiple pathways to behavior change and outcome improvement.
Economics
Faculty of Environment, Science and Economy
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