Trust and Saving in Financial Institutions by the Poor

Sebastian Galiani, Peter Gertler and Camila Navajas Ahumada
Additional contact information
Peter Gertler: University of California, Berkeley/NBER
Camila Navajas Ahumada: Universidad Torcuato Di Tella
Authors registered in the RePEc Author Service: Camila Navajas-Ahumada

No 174, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: We randomly assigned beneficiaries of a conditional cash transfer program in Peru to attend a 3 hour training session designed to build their trust in financial institutions.We find that the intervention: (a) increased trust in banks, but had no effect on financial literacy, and (b) increased savings over a ten month period. The increase insavings represents a 1.4 percentage point increase in the savings rate out of the cash transfer deposits, and a 0.4 percentage point increase in the savings rate out of household income.

Keywords: Trust; savings and poverty (search for similar items in EconPapers)
JEL-codes: D14 G20 I30 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2022-09
New Economics Papers: this item is included in nep-ban, nep-exp, nep-lam, nep-ltv and nep-soc
References: View references in EconPapers View complete reference list from CitEc
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https://rednie.eco.unc.edu.ar/files/DT/174.pdf (application/pdf)

Related works:
Journal Article: Trust and saving in financial institutions by the poor (2022)
Working Paper: Trust and Saving in Financial Institutions by the Poor (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:aoz:wpaper:174

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