Saving for Multiple Financial Needs: Evidence from Malawi

Aggarwal, S and Brailovskaya, V and Robinson, J (2018) Saving for Multiple Financial Needs: Evidence from Malawi. Working Paper. The Bureau for Research and Economic Analysis of Development. (Unpublished)

[thumbnail of Bred.pdf]


We test whether multiple labeled savings accounts affects savings decisions and downstream outcomes in a field experiment with 481 entrepreneurs in urban Malawi. Treatment respondents received either one or multiple accounts, while a control group received nothing. Multiple accounts increased savings in treatment accounts by about 30%. Savings accounts had sizeable effects on a number of outcomes, including labor supply, farming decisions, household expenditures, land purchases, credit extended to customers, and interpersonal transfers. However, we find no evidence that multiple accounts had larger downstream effects than single accounts.

Affiliation: Indian School of Business
ISB Creiators:
ISB Creators
Aggarwal, S
Item Type: Monograph (Working Paper)
Uncontrolled Keywords: savings, liquidity, labeling, mental accounting, lockboxes, goal-setting
Subjects: Economics
Depositing User: Veeramani R
Date Deposited: 24 Apr 2019 13:43
Last Modified: 24 Apr 2019 13:43
Publisher URL:
Related URLs:

Actions (login required)

View Item View Item
Statistics for DESI ePrint 883 Statistics for this ePrint Item