Accelerating the impact of financial literacy training programmes on household consumption by empowering women

Isaac Koomson, Renato Andrin Villano and David Hadley

Applied Economics, 2021, vol. 53, issue 29, 3359-3376

Abstract: This study examines the impact of a joint financial literacy and women’s empowerment training programme on household consumption as a welfare indicator. Using data collected from a randomized controlled trial implemented in Ghana, we tested for baseline balance and applied ordinary least squares to estimate endline impact. Our findings revealed that the impact of financial literacy on household consumption is influenced by the design and delivery of the programme. A weaker impact is achieved when financial literacy training is offered alone. The ensuing stronger short-term impact of financial literacy training on household consumption is achieved through the inclusion of a women’s empowerment module. The joint delivery of the programme significantly improved household consumption for female-beneficiary and younger households. We advocate the inclusion of women’s empowerment training in financial literacy training programmes to accelerate its impact on household welfare through increased household consumption

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2021.1878093 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:53:y:2021:i:29:p:3359-3376

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2021.1878093

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().