Financial Literacy and Financial Behaviour

Experimental Evidence from Rural Rwanda

Datos Bibliográficos

ID9715939
AutoresAussi Sayinzoga (University of Rwanda, and Development Economics Group, Wageningen University), Erwin Bulte (0000-0001-9491-5268, Wageningen University & Research), Erwin H Bulte (Development Economics Group, Wageningen University), Robert Lensink (0000-0001-6448-5164, University of Groningen)
Año2016
Volumen126
Número594
Páginas1571-1599
Fecha de publicación2016-08-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/ecoj.12217
OpenAlexW2058110501
IdiomaEN
Citas recibidas26
Referencias citadas36

We organise a field experiment with smallholder farmers in Rwanda to measure the impact of financial literacy training on financial knowledge and behaviour. The training increased financial literacy of participants, changed their savings and borrowing behaviour and had a positive effect on the new business start-up. However, it failed to have a significant (short-term) impact on income. Using a two-stage regression framework, we identify enhanced financial literacy as one of the important factors explaining behavioural changes. We also test whether financial knowledge spillovers from trained farmers to their peers in local village banks but find no evidence for that

Business · Economic growth · Economics · Financial literacy · Literacy · Test (biology · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Microfinance and Financial Inclusion