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The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya

Pascaline Dupas, Jonathan Robinson and Anthony Keats

No 10689, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The welfare impact of expanding access to bank accounts depends on whether accounts crowd out pre-existing financial relationships, or whether private gains from accounts are shared within social networks. To study the effect of accounts on financial linkages, we provided free bank accounts to a random subset of 885 households. Within households, we randomized which spouse was offered an account and find no evidence of negative spillovers to spouses. Across households, we document positive spillovers: treatment households become less reliant on grown children and siblings living outside their village, and become more supportive of neighbors and friends within their village.

Keywords: Financial access; Social insurance; Spillovers (search for similar items in EconPapers)
JEL-codes: C93 D14 G21 O16 (search for similar items in EconPapers)
Date: 2015-07
New Economics Papers: this item is included in nep-afr, nep-dev, nep-exp, nep-ias, nep-mfd and nep-soc
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Related works:
Journal Article: The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya (2019) Downloads
Working Paper: The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya (2016) Downloads
Working Paper: The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya (2015) Downloads
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