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Skills and Savings to Succeed: Can better financial skills and habits among youth improve their chances of obtaining decent work?
Last registered on August 03, 2017

Pre-Trial

Trial Information
General Information
Title
Skills and Savings to Succeed: Can better financial skills and habits among youth improve their chances of obtaining decent work?
RCT ID
AEARCTR-0002275
Initial registration date
June 18, 2017
Last updated
August 03, 2017 2:43 PM EDT
Location(s)
Region
Primary Investigator
Affiliation
University of Oxford
Other Primary Investigator(s)
PI Affiliation
Save the Children US
PI Affiliation
Save the Children US
PI Affiliation
Save the Children US
PI Affiliation
University of Oxford
Additional Trial Information
Status
Completed
Start date
2016-03-01
End date
2017-06-30
Secondary IDs
Abstract
Save the Children’s Skills to Succeed (S2S) program equips income poor youth with the market-relevant skills, networks, and opportunities they need to get better jobs or build businesses. Through an operations research project leveraging the Skills to Succeed program in Vietnam, Save the Children will test if savings promotion schemes and financial education that increase financial capability also contribute to employability and employment outcomes for youth. Few studies have tested the link between increased financial capability and employment for youth, and fewer have included the types of behavioral nudges we will include in our savings promotion schemes using social media. This study, therefore, is designed to assess a) the overall impact of the S2S program with and without a “savings promotion” scheme and financial education and b) the pathways through which greater access to and usage of financial services may affect employability and employment.
We expect that enhanced financial education and encouragement to save will result in increased financial literacy, a pattern of regular saving, and savings accumulation. We hypothesize that, as employability skills associated with workforce success, the concomitant increase in planning skills, tolerance for delayed gratification, and discipline will increase youths’ ability to compete in the job market as well as boost their entrepreneurial skills. For savers, the increase in financial resources will also increase their chances of actually obtaining a desired work by enhancing their ability to cover job search costs or helping to finance the start-up of a small business.

The study is focused on poor young men and women aged 15-24 currently enrolled in public vocational training schools who receive financial-need scholarships in the cities of Can Tho and Da Nang, Vietnam. S2S target groups are deprived young people living in urban slums or who are at risk of working in jobs that, according to the ILO definition, are not “decent” – hazardous, insecure, or unfairly paid.
External Link(s)
Registration Citation
Citation
Caria, Stefano et al. 2017. "Skills and Savings to Succeed: Can better financial skills and habits among youth improve their chances of obtaining decent work?." AEA RCT Registry. August 03. https://doi.org/10.1257/rct.2275-5.0.
Former Citation
Caria, Stefano et al. 2017. "Skills and Savings to Succeed: Can better financial skills and habits among youth improve their chances of obtaining decent work?." AEA RCT Registry. August 03. http://www.socialscienceregistry.org/trials/2275/history/20144.
Sponsors & Partners

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Experimental Details
Interventions
Intervention(s)
Intervention Start Date
2016-03-01
Intervention End Date
2016-08-31
Primary Outcomes
Primary Outcomes (end points)
Job-search behaviour, employment outcomes and more (see pre-analysis plan).
Primary Outcomes (explanation)
Secondary Outcomes
Secondary Outcomes (end points)
Secondary Outcomes (explanation)
Experimental Design
Experimental Design
The intervention consists of a financial literacy training treatment and a financial literacy training plus social media encouragement.
Experimental Design Details
Randomization Method
Randomization using an Excel sheet
Randomization Unit
Individual
Was the treatment clustered?
No
Experiment Characteristics
Sample size: planned number of clusters
-
Sample size: planned number of observations
1400 Individuals
Sample size (or number of clusters) by treatment arms
One third for each treatment arm.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB
INSTITUTIONAL REVIEW BOARDS (IRBs)
IRB Name
Save the Children Internal Ethics Review
IRB Approval Date
2016-01-01
IRB Approval Number
-
Analysis Plan
Analysis Plan Documents
pre-analysis plan

MD5: 6938eb287c7ced40d79c8641b373737d

SHA1: 0db668d9482d19afcf448f8a99efab7ab7f520fe

Uploaded At: June 18, 2017

Post-Trial
Post Trial Information
Study Withdrawal
Intervention
Is the intervention completed?
No
Is 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