Client led coaching: A random assignment evaluation of the impacts of financial coaching programs

Brett Theodos, Christina Plerhoples Stacy and Rebecca Daniels

Journal of Economic Behavior & Organization, 2018, vol. 155, issue C, 140-158

Abstract: We undertake the first rigorous evaluation of financial coaching using a randomized controlled trial at two sites. We estimate both treatment uptake and treatment outcomes, including intent to treat estimates and complier average causal effects. Data are drawn from individual-level credit reporting firm records and baseline and follow-up surveys. Results indicate that financial coaching produces a number of significant effects on behaviors and outcomes related to money management, debt, savings, and perceptions of financial well-being. Most notably, at one site, financial coaching helped participants to increase their savings and credit scores, and at the other, it helped them to reduce their aggregate and delinquent debt.

Keywords: Personal finance; Financial coaching; Randomized control trial (search for similar items in EconPapers)
JEL-codes: D14 G40 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:155:y:2018:i:c:p:140-158

DOI: 10.1016/j.jebo.2018.08.019

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