2023/06/01 by Samantha Horn, Julian Jamison, Dean Karlan +1 · 1 voice
Business, Management and Accounting · Economics, Econometrics and Finance · #Financial Literacy, Pension, Retirement Analysis #Islamic Finance and Banking Studies #Microfinance and Financial Inclusion
paper · doi:10.1162/rest_a_01337
openalex publication_date 2023/06/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/22
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, 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.