Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda

Dean Karlan and Leigh Linden
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Leigh Linden: University of TX and Innovations for Poverty Action

Working Papers from Yale University, Department of Economics

Abstract: Commitment devices offer an opportunity to restrict future choices. However, if severe restrictions deter participation, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings device for educational expenses in Uganda. We compare an account fully-committed to educational expenses to an account in which savings are available for cash withdrawal but intended for educational expenses. The weaker commitment generates increased savings in the program accounts and when combined with a parent outreach program, higher expenditures on educational supplies. It also increases scores on an exam covering language and math skills by 0.14 standard deviations. We find no effect for the fully-committed account, and we find no effect for either account on attendance, enrollment, or non-cognitive skills.

JEL-codes: D12 D91 I21 O12 (search for similar items in EconPapers)
Date: 2014-01
New Economics Papers: this item is included in nep-edu and nep-ger
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Citations: View citations in EconPapers (34)

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http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2379594

Related works:
Working Paper: Loose Knots:Strong versus Weak Commitments to Save for Education in Uganda (2016)
Working Paper: Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda (2014)
Working Paper: Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda (2014)
Working Paper: Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda (2014)
Working Paper: Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:yaleco:129

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