Financial education for female foreign domestic workers in Singapore |
| |
| Institution: | 1. Jawaharlal Nehru University, India;2. Department of Economics, Wellesley College, 106 Central Street, Wellesley, MA 02481, United States;3. University of Michigan, United States;1. Bocconi University, Milan, Italy;2. University of Milan;3. IZA Bonn;4. University of Pavia, Italy;5. Paris 12 Val de Marne University, France;1. University of North Carolina at Greensboro, United States, and IZA Institute of LaborEconomics;2. University of Strathclyde, Scotland, United Kingdom;1. University of Lille, CNRS, UMR 9221 – Lem – Lille Économie Management, Lille F-59000, France;2. Statistical Department of the French Ministry of Labor (DARES), France;1. Elon University, Department of Economics, 2075 CB, Elon, NC 27244, United States;2. Triage Consulting Group, 1100 Peachtree St. NE, Atlanta, GA 30309, United States |
| |
| Abstract: | We evaluate a randomized field experiment to study the effect of financial workshops for domestic workers in Singapore. Groups of women met monthly with a trained mentor. Take-up rates were low and our results are inconclusive as to whether invitations to these workshops improved financial knowledge and behavior. Unexpectedly, treatment assignment had a significant, negative effect on self-reported savings. Further exploration suggests that assignment to treatment could affect participants’ awareness of accumulated savings. We find a reduction in the number of savings accounts reported and an increase in the probability respondents report having disagreements with family members over finances. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
