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

27 Pages Posted: 21 Dec 2006

See all articles by Nava Ashraf

Nava Ashraf

Harvard University - Business School (HBS)

Dean S. Karlan

Northwestern University - Kellogg School of Management; Yale University; Innovations for Poverty Action; Massachusetts Institute of Technology (MIT) - Abdul Latif Jameel Poverty Action Lab (J-PAL); National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Wesley Yin

University of Chicago - Harris School of Public Policy; University of California, Los Angeles (UCLA) - School of Public Policy & Social Research

Multiple version iconThere are 2 versions of this paper

Date Written: December 2006

Abstract

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.

Keywords: Savings, microfinance, female empowerment, household decision making, commitment

JEL Classification: D12, D63, D91, J16, O12, O16

Suggested Citation

Ashraf, Nava and Karlan, Dean S. and Yin, Wesley, Female Empowerment: Impact of a Commitment Savings Product in the Philippines (December 2006). Yale University Economic Growth Center Discussion Paper No. 949, Center for Global Development Working Paper No. 106, Available at SSRN: https://ssrn.com/abstract=952784

Nava Ashraf

Harvard University - Business School (HBS) ( email )

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Dean S. Karlan (Contact Author)

Northwestern University - Kellogg School of Management ( email )

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Yale University ( email )

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National Bureau of Economic Research (NBER)

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Wesley Yin

University of Chicago - Harris School of Public Policy ( email )

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