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ERIC Number: EJ1181586
Record Type: Journal
Publication Date: 2018
Pages: 24
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1934-5747
EISSN: N/A
Available Date: N/A
Do Financial Education Interventions for Women from Poor Households Impact Their Financial Behaviors? Experimental Evidence from India
Bhutoria, Aditi; Vignoles, Anna
Journal of Research on Educational Effectiveness, v11 n3 p409-432 2018
Policymakers have invested significant resources in financial education to improve financial literacy of the poor, reduce bad financial decision-making, and increase take-up of financial services and products. Yet, there is limited evidence on the effectiveness of such interventions, especially in developing countries. This paper provides evidence from a clustered randomized controlled trial (RCT) where a relatively light financial education program (one day of training) was offered to a large sample of women (n = 1,281) from poor households in informal community settings. The educational intervention was a significant departure from the more costly traditional classroom-style adult education interventions. It was based on simple "rules of thumb" and used a goal-oriented and action-focused approach, targeted at changing behaviors. We find evidence of modest, positive treatment effects for some outcomes including an increase in personal savings, achieved at a relatively low cost of training per participant.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: India
Grant or Contract Numbers: N/A
Author Affiliations: N/A