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Financial Education for Female Foreign Domestic Workers in Singapore.
- Source :
-
Economics of education review [Econ Educ Rev] 2020 Oct; Vol. 78. Date of Electronic Publication: 2019 Sep 11. - Publication Year :
- 2020
-
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.
Details
- Language :
- English
- ISSN :
- 0272-7757
- Volume :
- 78
- Database :
- MEDLINE
- Journal :
- Economics of education review
- Publication Type :
- Academic Journal
- Accession number :
- 39371084
- Full Text :
- https://doi.org/10.1016/j.econedurev.2019.101920