Working Paper: NBER ID: w26809
Authors: Sebastian Galiani; Paul Gertler; Camila Navajas Ahumada
Abstract: We randomly assigned beneficiaries of a conditional cash transfer program in Peru to attend a 3 hour training session designed to build their trust in financial institutions. We find that the intervention: (a) increased trust in banks, but had no effect on financial literacy, and (b) increased savings over a ten month period. The increase in savings represents a 1.4 percentage point increase in the savings rate out of the cash transfer deposits, and a 0.4 percentage point increase in the savings rate out of household income.
Keywords: No keywords provided
JEL Codes: O16
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Training intervention (M53) | Trust in banks (G21) |
| Trust in banks (G21) | Savings behavior (D14) |
| Training intervention (M53) | Savings behavior (D14) |