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High Hopes: Experimental Evidence on Financial Inclusion and the Transition to High School in Kenya

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  • James Habyarimana
  • William Jack

Abstract

We report results of a randomized controlled trial in which parents of final-year primary school students were encouraged to open a mobile phone–based bank account. Being offered access to the account induced a 5–6 percentage point increase in the probability of transitioning to high school, or a nearly 40% increase among compliers. This impact is driven in part by changes in financial behavior—parents save and/or borrow more and accumulate resources consistent with the observed increase in enrollment. Behavioral attention constraints do not appear to bind, as reminder text messages had no discernible impacts on financial behavior or enrollment decisions.

Suggested Citation

  • James Habyarimana & William Jack, 2024. "High Hopes: Experimental Evidence on Financial Inclusion and the Transition to High School in Kenya," Economic Development and Cultural Change, University of Chicago Press, vol. 72(3), pages 1189-1212.
    • Handle: RePEc:ucp:ecdecc:doi:10.1086/723068
    DOI: 10.1086/723068
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