This document discusses a randomized controlled trial conducted with 150 communities in rural Peru to test the effectiveness of financial education programs and incentives in increasing savings. The trial involved providing financial training, support, and savings raffle incentives to participants in 17 rural districts. Results found increases in financial knowledge and reported savings among participants, with no decrease in food consumption, but the study notes various limitations and questions around the design, analysis, and interpretation of the results.

1. TV Novelas

2. Summary
• TV stories in rural Peru.
• RCT
– Unit of randomization: community
– N=150
• Objective: increase savings

3. Tv Novelas
• Financial Education:
– What works?
– Can we change culture?
• Context
– Juntos strategy
– Penalty for savings
• Results
– Externalities
• Power calculations
• Looking forward fo the results!

4. Promoción del Ahorro en
Familias Juntos

5. Summary
• Project components: 1) Financial
training,2)Support and 3) Savings incentives
(raffle)
• 17 rural districs in Peru.
• Diff & Diff
• Reported effects on financial knowledge,
savings, empowerment

6. Promoción de Ahorro
• Design and Analysis
– Equations, ITT, controls
– Sampling strategy, attrition
– How controls were selected? Can this selection be
used to correct biases?
– Not clear how TOT is calculated
– Multiple hypothesis

7. Promoción de Ahorro
• Results:
– Rename savings?
– How are families increasing savings?
• No decrease in food consumption
• Other consumption? Increase in income?
– Many components: mechanism?