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Infusing Knowledge at Right Time: Does Active Learning in Groups Matter?

Last registered on January 31, 2024

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Pre-Trial

Trial Information

General Information

Title

Infusing Knowledge at Right Time: Does Active Learning in Groups Matter?

RCT ID

AEARCTR-0012903

Initial registration date

January 27, 2024

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

January 31, 2024, 11:53 AM EST

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

Locations

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Primary Investigator

Name

Affiliation

Indian Institute of Management Kozhikode

Contact Primary Investigator

Other Primary Investigator(s)

PI Name

PI Affiliation

Indian Institute of Management Kozhikode

Contact Investigator

Additional Trial Information

Status

In development

Start date

2023-10-16

End date

2027-12-30

Keywords

Behavior, Education, Finance & Microfinance

Additional Keywords

Financial knowledge, school children, activities

JEL code(s)

Secondary IDs

Prior work

This trial does not extend or rely on any prior RCTs.

Abstract

Financial knowledge, financial attitude and financial behaviour, especially amongst school going children, is quite low in India. Using a Randomized Controlled Trial (RCT) design, we propose to measure the efficacy of a financial knowledge training programme in addressing the problem. We propose to train children in Kerala by engaging them in activities and participatory theatre. If found effective, this intervention can easily be scaled up for implementation as a policy to improve financial knowledge, financial attitude and financial behaviour among school going children.

External Link(s)

Registration Citation

Citation

Lalji, Chitwan and Ashok Thomas. 2024. "Infusing Knowledge at Right Time: Does Active Learning in Groups Matter?." AEA RCT Registry. January 31. https://doi.org/10.1257/rct.12903-1.0

Sponsors & Partners

Sponsors

Experimental Details

Interventions

Intervention(s)

The main aim of the study is to test whether financial education among school going children can help improve their financial knowledge, financial attitude and financial behaviour. We also plan to understand which of the two interventions – active learning at individual level or active learning in a group - helps improve financial outcomes of children. We also plan to investigate whether active learning in a group has any added benefit in improving the outcome variables

Intervention Start Date

2024-02-06

Intervention End Date

2024-02-29

Primary Outcomes

Primary Outcomes (end points)

Financial knowledge, financial attitude and financial behavior of school going children

Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)

Spillover effects on acquaintances, educational outcomes, confidence in handling money matters

Secondary Outcomes (explanation)

Experimental Design

Experimental Design

The proposed research will focus on around 600 students from 5th and 6th standard from around 40 schools from Kozhikode and Malappuram District in Kerala. Randomization shall be done at the school level. The schools shall be randomly assigned to a control group and two treatment groups. The students in the first treatment group shall receive financial knowledge through a set of activities ( active learning at individual level), while the students in the second treatment group shall receive financial knowledge through active learning at individual level and in groups. The rest of the sample (one-third of the total) will be in the control group and will not receive any intervention.

Experimental Design Details

Not available

Randomization Method

Randomization will be done using a computer and STATA.

Randomization Unit

Randomization will be done at the school level.

Was the treatment clustered?

Yes

Experiment Characteristics

Sample size: planned number of clusters

40 schools.

Sample size: planned number of observations

About 600 5th and 6th grade students from 40 schools

Sample size (or number of clusters) by treatment arms

About 13 schools and 200 students per treatment/control arm.

Minimum detectable effect size for main outcomes (accounting for sample design and clustering)

Supporting Documents and Materials

Institutional Review Boards (IRBs)

IRB Name

Institutional Review Board, Indian Institute of Management Kozhikode

IRB Approval Date

2023-10-10

IRB Approval Number

IRB/145/14092023