Online Financial Education: An Experimental Study of a Program for the Youth in Peru

Last registered on September 20, 2023
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Pre-Trial

Trial Information

General Information

Title
Online Financial Education: An Experimental Study of a Program for the Youth in Peru
RCT ID
AEARCTR-0012125
Initial registration date
September 14, 2023

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
September 20, 2023, 10:28 AM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

Country
Peru
Region
Country-wide

Primary Investigator

Name
Chris Boyd Leon
Affiliation
Towson University
Contact Primary Investigator

Other Primary Investigator(s)

PI Name
Jaime Ramos Duffaut
PI Affiliation
Instituto de Estudios Peruanos
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Additional Trial Information

Status
Completed
Start date
2015-12-01
End date
2017-02-28
Keywords
Education, Finance & Microfinance
Additional Keywords
Financial education, financial literacy, youth, online learning, edutainment, Peru
JEL code(s)
G53, D14, G51, G20
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
Young adults are less financially literate than the average population. At the same time, they would benefit the most from receiving financial education starting their adult lives, when they start earning money and managing their personal finances. In particular, financial education can be key for low-income post-secondary scholarship recipients, young adults who receive a stipend and have to manage it for the first time in their lives. We run a randomized control trial at the individual level to estimate the impacts of the online asynchronous financial education program #PorMiCuenta on the financial knowledge, abilities, and behavior of Peruvian government (Beca 18) scholarship recipients. The financial education program uses an edutainment approach, with materials appealing to the youth.
External Link(s)

Registration Citation

Citation
Boyd Leon, Chris and Jaime Ramos Duffaut. 2023. "Online Financial Education: An Experimental Study of a Program for the Youth in Peru." AEA RCT Registry. September 20. https://doi.org/10.1257/rct.12125-1.0
Sponsors & Partners

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Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2015-12-01
Intervention End Date
2017-02-28

Primary Outcomes

Primary Outcomes (end points)
Financial knowledge, financial abilities, financial behaviors.
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
We randomize, at the individual level, the assignment to a financial education e-platform among the "Beca 18" scholarship recipients.
Experimental Design Details
Randomization Method
Randomization done in office by a compute
Randomization Unit
Individual, scholarship recipients
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
0
Sample size: planned number of observations
1600
Sample size (or number of clusters) by treatment arms
800 scholarship recipients control, 800 scholarship recipients treatment
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
IRB Approval Date
IRB Approval Number
Analysis Plan

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials