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

Dean Karlan and Leigh Linden (leigh.linden@austin.utexas.edu)
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Leigh Linden: University of Texas at Austin

Working Papers from Economic Growth Center, Yale University

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.

Keywords: Commitment Savings; Micro-Savings; Educational Resources; School Participation (search for similar items in EconPapers)
JEL-codes: D12 D91 I21 O12 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2014-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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http://www.econ.yale.edu/growth_pdf/cdp1037.pdf (application/pdf)

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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