During Michaelmas Term, OxTalks will be moving to a new platform (full details are available on the Staff Gateway).
For now, continue using the current page and event submission process (freeze period dates to be advised).
If you have any questions, please contact halo@digital.ox.ac.uk
Written with Sami Horn (Carnegie Mellon University), Dean Karlan (Northwestern University), and Jonathan Zinman (Dartmouth University)
Abstract:
We randomly assign 240 youth clubs to receive either financial education, access to a subsidized group account, both, or neither. The financial education treatments increase financial literacy; the account-only treatment does not. Both administrative and survey data show that savings after one year increases in all treatment arms relative to the control group. Earned income also increases in the treatment arms, and all of these effects are successfully sustained in a second endline four years later. Despite fairly detailed data, we are unable to draw firm conclusions regarding mechanisms and heterogeneity. Overall we find little evidence that education and account access are strong complements, and some evidence that they are substitutes.