IPA youth savings research in The Monitor
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IPA's research in Uganda on encouraging youth savings for educational expenses through a school based program was featured in that country's Daily Monitor. Researcher Oliver Schmidt points to qualitative findings showing that education expenses are a primary reason named for taking out loans, and the research by Dean Karlan and Leigh Linden finding one variation of a combination of programs involving parent outreach and flexible savings commitments, which increased school supply purchases for kids and subsequent test scores. The full story is here, and Beniamino Savonitto and Pooja Wagh of IPA's Global Financial Inclusion Initiative expanded with a blog post addressing the broader issue, available here.
October 22, 2014