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

  • Nava Ashraf

    ()

    (Harvard Business School)

  • Dean Karlan

    ()

    (Yale University, Economic Growth Center)

  • Wesley Yin

    ()

    (University of Chicago)

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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File URL: http://www.econ.yale.edu/growth_pdf/cdp949.pdf
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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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  16. Pitt, Mark M & Khandker, Shahidur R & Cartwright, Jennifer, 2006. "Empowering Women with Micro Finance: Evidence from Bangladesh," Economic Development and Cultural Change, University of Chicago Press, vol. 54(4), pages 791-831, July.
  17. Feldstein, Martin, 1996. "Social Security and Saving: New Time Series Evidence," National Tax Journal, National Tax Association, vol. 49(2), pages 151-64, June.
  18. Dean Karlan & Nava Ashaf & Wesley Yin, 2004. "Tying odysseus to the mast: Evidence from a commitment savings product in the philippines," Natural Field Experiments 00206, The Field Experiments Website.
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  28. Nava Ashraf & Dean S. Karlan & Wesley Yin, 2005. "Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines," Working Papers 917, Economic Growth Center, Yale University.
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