Tag
financial_literacy
10 findings
Behaviour & psychologyAmbiguity Aversion in Novel Financial ProductsHousehold risk aversion showed no statistically significant effect on actual insurance uptake (marginal effect = -0.00285, p > 0.10). Institutional trust in financial entities was weakly negative (marginal effect = -0.0676, p < 0.10), indicating that lack of clear understanding and product ambiguity, rather than pure risk preference, suppressed commercial demand.Observational StudyFinance & microfinanceTraining-Induced Credit Demand ActivationBusiness training doubled borrowing among upper-caste Hindu women, increasing loan take-up by 13 percentage points (p < 0.05) from a control mean of 17%, while causing a statistically insignificant reduction in savings (-315.32 rupees), confirming that training activates credit demand rather than merely increasing capital supply.RCTFinance & microfinanceEducational Heterogeneity in Financial Innovation TakeupAmong literate farmers, assignment to the insurance treatment group increased cash crop investment likelihood by 15 percentage points, whereas among illiterate farmers, the treatment effect was statistically indistinguishable from zero.RCTFinance & microfinanceFinancial Literacy Kiosk TrainingLabor market participation and financial autonomy gains were concentrated exclusively among women who received both direct deposits and financial training, whereas bank account provision alone yielded negligible impact.RCTBehaviour & psychologyDecoupling of General Formal Education and Specific Financial LiteracyDespite high general schooling attainment averaging 15.63 years completed, only 20.6% of household heads correctly answered both basic financial literacy questions at baseline.Observational StudyFinance & microfinanceGoal-Oriented Financial Literacy TrainingFour months post-training, the curriculum successfully increased hours worked across all trained participants, with business plan formulation and sales growth expanding significantly when coupled with peer support.RCTDevelopmentHeuristic Rule-of-Thumb vs Complex Accounting InstructionTailors progressed through foundational record-keeping and heuristic practices much faster than complex financial modeling modules; however, despite targeted instruction, overall adoption of all practices decayed to baseline levels within 11 months post-consulting (0.11 percentage point effect, p > 0.10).RCTFinance & microfinanceInformation-Driven Substitution from Informal to Formal CreditFinancial education led to significant reductions in total borrowing (~PHP 1,935 to 2,033 reduction, p < 0.10) and shifted borrowing composition away from informal sources like family and friends by 12.7 to 16.0 percentage points (p < 0.05 / p < 0.01) toward formal lenders like banks and MFIs (+9.7 to +10.0 percentage points, p < 0.10).RCTDevelopmentVideo-Based Peer Modeling in Financial Literacy PedagogyCombining peer video motivation with concrete goal-setting generated a 19 percentage point increase in labor market participation (p < 0.01) and a 17 percentage point increase in business discussions with family (p < 0.05) among moderately restricted women.RCTEconomics (general)Rule-of-Thumb Financial TrainingTeaching rules of thumb significantly reduced financial reporting errors among low-skilled owners and increased profits by 23.5% in Uganda and 8.1% in Ecuador.RCT