Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - Economic Growth Center, Economics Department - 2005
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control … of a bank. One month later, we offered the commitment product to a randomly chosen subset of 710 clients; 202 (28 … for commitment, were indeed significantly more likely to open the commitment savings account. After twelve months, average …