data from a large-scale experiment with public high schools in Peru and credit bureau records on the parents of the youth …

Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for … youth. We randomly assign 250 youth clubs to receive either financial education, access to a cheap group account, or both … shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total …

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 …