WIDER Seminar Series – Access to Formal Banking and Household Finances: Experimental Evidence from India
UNU-WIDER invites all local and visiting researchers, policy makers, and others working on or interested in development topics to attend its weekly seminar in Helsinki.
The WIDER Seminar Series showcases recent and ongoing work on key topics in development economics.
On 18 April Lore Vandewalle, Assistant Professor at The Graduate Institute, will present her work on the link between identity and economic behavior. See the full schedule for the first part of the spring 2018 session here.
Abstract – Access to Formal Banking and Household Finances: Experimental Evidence from India
Access to formal banking is spreading across the world. Obtaining a bank account may transform how people manage their finances, and affect their savings and consumption. We report from a field experiment that randomly provides access to a bank account to a representative sample of villagers in rural India. We complement the existing literature by conducting financial diaries, which provide us a complete picture of the household's financial lives up to six months after the bank account was opened. The results are positive. The respondents save actively in the account, and both their individual and the total household savings increase. There is no significant impact on average expenditures, income, loans and transfers, but there are important effects on consumption smoothing.
Registration: no registration needed
Key words: women, caste, identities, economic behavior, development economics