We designed a commitment savings product for a Philippine bank and implemented it using a randomized control … methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who … for commitment, were indeed significantly more likely to open the commitment savings account. After twelve months, average …

Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for … shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total … savings shows roughly equal increases across all treatment arms. Earned income also increases in all treatment arms. We find …

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

were at the 79th, 91st, and 96th percentiles of baseline savings. Survey data show no clearly discernible intention …-to-treat effects on savings or any downstream outcomes. This suggests that policies merely focused on expanding access to basic …

were at the 79th, 91st, and 96th percentiles of baseline savings. Survey data show no clearly discernible intention …-to-treat effects on savings or any downstream outcomes. This suggests that policies merely focused on expanding access to basic …

monthly deposits for them were at the 79th, 91st, and 96th percentiles of baseline savings. Survey data show no clearly … discernible intention-to-treat effects on savings or any downstream outcomes. This suggests that policies merely focused on …

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control … methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who … for commitment, were indeed significantly more likely to open the commitment savings account. After twelve months, average …