Table 5.
Utilization of Similar Products and Services
| (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) | |||||||
|
|
||||||||||
| Savings | ||||||||||
| Total # of household bank accounts | 0.091* (0.055) |
−0.013 (0.060) |
0.061 (0.055) |
0.377 | 1386 | 0.096 | 0.081 | 0.588 | 0.225 | 0.838 |
| Total savings (PHP) | 817.987 (1355.118) |
−140.497 (1322.629) |
2834.286 (2172.257) |
1667 | 1248 | 0.038 | 0.544 | 0.474 | 0.246 | 0.513 |
| Log of total household savings | 0.291 (0.254) |
0.351 (0.276) |
0.408 (0.260) |
1.309 | 1248 | 0.046 | 0.824 | 0.650 | 0.838 | 0.537 |
| Borrowing | ||||||||||
| Respondent borrowed from any source in past 3 months | −0.028 (0.033) |
−0.056 (0.034) |
−0.031 (0.033) |
0.329 | 1553 | 0.067 | 0.385 | 0.924 | 0.441 | 0.251 |
| Total amount borrowed in past year (PHP) | −1935.530* (1134.367) |
−1942.959 (1557.960) |
−2033.035* (1168.528) |
5724 | 1503 | 0.050 | 0.996 | 0.919 | 0.947 | 0.301 |
| Log of total amount borrowed in past year | −0.184 (0.294) |
−0.476 (0.307) |
−0.256 (0.295) |
2.693 | 1503 | 0.072 | 0.316 | 0.792 | 0.452 | 0.328 |
Note: Data taken from the endline survey. Each row is a separate regression. All regressions include baseline control variables. All financial services data in the table are self-reported. Household bank accounts are inclusive of accounts held by migrant members. Regressions also include indicators for missing baseline covariates. Missing baseline covariates for an observation are set to 0. See Online Appendix B for further details on baseline control variables.
*
p<0.10,
**
p<0.05,
***
p<0.010