Effects of Financial Literacy, Career Information, and Siblings on Youth Wage Preferences

Last registered on April 16, 2024


Trial Information

General Information

Effects of Financial Literacy, Career Information, and Siblings on Youth Wage Preferences
Initial registration date
April 10, 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
April 16, 2024, 2:45 PM EDT

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


There is information in this trial unavailable to the public. Use the button below to request access.

Request Information

Primary Investigator

University of Chicago

Other Primary Investigator(s)

PI Affiliation
University of Chicago

Additional Trial Information

In development
Start date
End date
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
This study seeks to understand the impact of financial literacy and career information on the job application behaviors and wage expectations of economically disadvantaged youth in India. By randomizing participants into two treatment groups—one receiving a financial budgeting game intervention and the other career information—and a control group with no intervention, we aim to explore how different forms of educational engagement influence young people's decisions in the job market. An additional layer of analysis examines the role of siblings in the social learning process, particularly how the experiences and insights of older siblings within a close age range might affect the career aspirations and financial understanding of the younger participants.

The financial budgeting game is designed to simulate real-life financial decision-making scenarios, enhancing participants' understanding of budget management, savings, and investment in the context of career planning. The career information intervention provides detailed insights into various career paths, including required qualifications, expected earnings, and job market demand. Our hypothesis is that these interventions, will not only improve participants' financial literacy and knowledge of career options but also lead to more informed and realistic wage expectations and job application choices.

This project contributes to our understanding of how targeted educational interventions can shape the economic behaviors and expectations of youth, offering valuable insights for policymakers, educators, and development practitioners aiming to enhance youth employment and economic empowerment in India. By integrating financial literacy, career information dissemination, and the influence of familial networks, we hope to provide a comprehensive look at the multifaceted determinants of labor market engagement among economically disadvantaged youths.
External Link(s)

Registration Citation

Hundal, Gursmeep (Rubina) and Emma Zhang. 2024. "Effects of Financial Literacy, Career Information, and Siblings on Youth Wage Preferences." AEA RCT Registry. April 16. https://doi.org/10.1257/rct.13317-1.0
Experimental Details


We are conducting a randomized controlled trial with two educational interventions aimed at economically disadvantaged youth in India. The first intervention is a financial budgeting game designed to enhance financial literacy by simulating real-life financial decision-making scenarios, including budget management, savings, and investment, within the context of career planning. The second intervention provides detailed career information, outlining various career paths, required qualifications, expected earnings, and job market demand.
Intervention Start Date
Intervention End Date

Primary Outcomes

Primary Outcomes (end points)
- Job application behavior (measured by the number and type of jobs applied for).
- Wage expectations (measured by participants’ stated wage expectations for different job vignettes).
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
Our study employs a randomized controlled trial to assess the impact of two educational interventions on economically disadvantaged youths in India. Participants are randomly divided into three groups: Treatment Group 1, which engages with a financial budgeting game; Treatment Group 2, which receives comprehensive career information; and a Control Group, which receives no intervention.
Experimental Design Details
Not available
Randomization Method
Randomization done by the random number generator of the survey software.

Randomization Unit
Was the treatment clustered?

Experiment Characteristics

Sample size: planned number of clusters
10 schools
Sample size: planned number of observations
Sample size (or number of clusters) by treatment arms
100 youths control, 100 youths financial budgeting game, 100 youths career information.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)

Institutional Review Boards (IRBs)

IRB Name
University of Chicago
IRB Approval Date
IRB Approval Number