Table 4.
Determinants of Financial Service Take-up in Post Treatment Period Across Treatment Groups (Admin data)
| (1) Treatment 1: Financial Education |
(2) Treatment 2: Financial Access |
(3) Treatment 3: Financial Education and Access |
Mean in Control Group | N | R2 | Joint tests of treatment groups on outcomes |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| T1=T2 (p-value) | T1 = T3 (p-value) | T2 = T3 (p-value) | T1+T2=T3 (p-value) | |||||||
|
|
||||||||||
| Take up of financial education | 0.414*** (0.024) |
−0.009 (0.013) |
0.389*** (0.024) |
0.037 | 1808 | 0.227 | 0 | 0.431 | 0 | 0.647 |
| Take up of financial services | 0.010 (0.006) |
0.256*** (0.023) |
0.288*** (0.021) |
0 | 1808 | 0.177 | 0 | 0 | 0.302 | 0.485 |
| Take up of BPI savings product | −0.001 (0.001) |
0.011* (0.005) |
0.010** (0.004) |
0 | 1808 | 0.019 | 0.040 | 0.023 | 0.885 | 0.984 |
| Take up of ASKI credit product | 0.004 (0.003) |
0.003 (0.003) |
0.002 (0.002) |
0 | 1808 | 0.015 | 0.755 | 0.606 | 0.876 | 0.319 |
| Take up of ASKI insurance product | 0.007 (0.005) |
0.251*** (0.023) |
0.280*** (0.020) |
0 | 1808 | 0.177 | 0 | 0 | 0.348 | 0.474 |
Note: Data taken from administrative data from partner institutions. Each row is a separate regression. All regressions include baseline control variables. Regressions also include indicators for missing baseline covariates. Observations with a missing baseline covariate are set to 0 for that variable. See Online Appendix Table B1 for further details on baseline control variables.
*
p<0.10,
**
p<0.05,
***
p<0.010