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Female Empowerment: Impact of a Commitment Savings Product in the Philippines

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Author Info

  • Nava Ashraf

    ()
    (Harvard Business School)

  • Dean Karlan

    ()
    (Yale University, Economic Growth Center)

  • Wesley Yin

    ()
    (University of Chicago)

Abstract

Female "empowerment" has increasingly become a policy goal, both as an end to itself and as a means to achieving other development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering women. Here, using a randomized controlled trial, we examine whether access to an individually-held commitment savings product leads to an increase in female decision-making power within the household. We find positive impacts, particularly for women who have below median decision-making power in the baseline, and we find this leads to a shift towards female-oriented durables goods purchased in the household.

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Bibliographic Info

Paper provided by Economic Growth Center, Yale University in its series Working Papers with number 949.

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Length: 25 pages
Date of creation: Dec 2006
Date of revision:
Handle: RePEc:egc:wpaper:949

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Keywords: Savings; Microfinance; Female empowerment; Household decision making; Commitment;

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References

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