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. Author manuscript; available in PMC: 2020 Jun 1.
Published in final edited form as: J Dev Econ. 2019 Mar 8;139:135–156. doi: 10.1016/j.jdeveco.2019.03.001

Table A5.

Comparison of average characteristics of youths who responded the telephone survey across treatment groups

(1) (2) (3) (4) (5)
Youth Characteristic Control Monthly Financial Education Monthly Reminder Semimonthly Reminder P-value of joint test of equality of means across four treatment groups
Age 12.22 (2.82) 12.60 (3.10) 12.64 (2.66) 12.15 (3.18) 0.457
Male 0.43 (0.50) 0.44 (0.50) 0.52 (0.50) 0.49 (0.50) 0.451
Strata 1 or 2 0.27 (0.44) 0.32 (0.47) 0.30 (0.46) 0.23 (0.42) 0.841
Strata 3 or 4 0.31 (0.47) 0.32 (0.47) 0.35 (0.48) 0.39 (0.49) 0.403
Strata 5 or 6 0.05 (0.23) 0.01 (0.09) 0.03 (0.17) 0.01 (0.09) 0.570
Strata missing 0.37 (0.48) 0.35 (0.48) 0.32 (0.47) 0.37 (0.49) 0.053
Unmarried 1.00 (0.00) 1.00 (0.00) 1.00 (0.00) 0.99 (0.09) 0.758
Not in school 0.02 (014) 0.01 (0.09) 0.01 (0.10) 0.01 (0.09) 0.750
Attending primary school 0.48 (0.50) 0.50 (0.50) 0.44 (0.50) 0.51 (0.50) 0.573
Attending secondary school 0.50 (0.50) 0.47 (0.50) 0.53 (0.50) 0.44 (0.50) 0.309
Attending vocational college 0.00 (0.00) 0.01 (0.09) 0.00 (0.00) 0.02 (0.13) 0.358
Attending university 0.00 (0.00) 0.02 (0.13) 0.02 (0.14) 0.02 (0.15) 0.409
Migrant 0.22 (0.41) 0.23 (0.42) 0.28 (0.45) 0.23 (0.42) 0.707
Initial balance $46.34 (200.36) $22.96 (47.32) $32.17 (90.11) $16.57 (27.33) 0.194
Phone Survey response rate 0.33 0.32 0.25 0.32
Number of accounts 147 118 100 126

Notes: Numbers in parentheses are standard deviations. Table shows tests of equality of means of key socioeconomic variables and initial balances (in US dollars of 2015) across four treatment groups for youths who responded the telephone survey. These variables are obtained from BCS bank’s account application form and include age, gender, socioeconomic strata (classification of residential property should receive public services, it is performed mainly to charge differentially public services), marital status, education level, and migrant (it is a dummy variable and it is true if accountholder opened Tuticuenta account in a different municipality of his birth. Socioeconomic strata is a proxy for household wealth based on residential location taking the values of 1 (lowest) to 6 (highest).