Financial Education for Female Foreign Domestic Workers in Singapore.

ABSTRACT: We evaluate a randomized field experiment to study the effect of financial workshops for domestic workers in Singapore. Groups of women met monthly with a trained mentor. Take-up rates were low and our results are inconclusive as to whether invitations to these workshops improved financial knowledge and behavior. Unexpectedly, treatment assignment had a significant, negative effect on self-reported savings. Further exploration suggests that assignment to treatment could affect participants' awareness of accumulated savings. We find a reduction in the number of savings accounts reported and an increase in the probability respondents report having disagreements with family members over finances.

SUBMITTER: Barua R 

PROVIDER: S-EPMC11452039 | biostudies-literature | 2020 Oct

REPOSITORIES: biostudies-literature