Replication data for: Keeping It Simple: Financial Literacy and Rules of Thumb
Principal Investigator(s): View help for Principal Investigator(s) Alejandro Drexler; Greg Fischer; Antoinette Schoar
Version: View help for Version V1
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Keep-it-Simple-Replication-Files | 10/12/2019 04:40:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 12:40:PM |
Project Citation:
Drexler, Alejandro, Fischer, Greg, and Schoar, Antoinette. Replication data for: Keeping It Simple: Financial Literacy and Rules of Thumb. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113888V1
Project Description
Summary:
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Micro-entrepreneurs often lack the financial literacy required to
make important financial decisions. We conducted a randomized
evaluation with a bank in the Dominican Republic to compare the
impact of two distinct programs: standard accounting training
versus a simplified, rule-of-thumb training that taught basic financial
heuristics. The rule-of-thumb training significantly improved
firms' financial practices, objective reporting quality, and revenues.
For micro-entrepreneurs with lower skills or poor initial financial
practices, the impact of the rule-of-thumb training was significantly
larger than that of the standard accounting training, suggesting that
simplifying training programs might improve their effectiveness for
less sophisticated individuals.
Scope of Project
JEL Classification:
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D04 Microeconomic Policy: Formulation, Implementation, and Evaluation
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
L24 Contracting Out; Joint Ventures; Technology Licensing
L25 Firm Performance: Size, Diversification, and Scope
L26 Entrepreneurship
M41 Accounting
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
D04 Microeconomic Policy: Formulation, Implementation, and Evaluation
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
L24 Contracting Out; Joint Ventures; Technology Licensing
L25 Firm Performance: Size, Diversification, and Scope
L26 Entrepreneurship
M41 Accounting
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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