Financial Literacy and Financial Behaviour: Experimental Evidence from Rural Rwanda

• 成果类型: Article
• 署名作者: Sayinzoga, Aussi; Bulte, Erwin H.; Lensink, Robert
• 署名单位: University of Rwanda; Wageningen University & Research; University of Groningen
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12217
• 发表日期: 2016
• 页码: 1571-1599
• 关键词: education; WORKPLACE; KNOWLEDGE; returns; IMPACT

摘要

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.