{"title":"Do financial diaries affect financial outcomes? Evidence from a randomized experiment in Uganda","authors":"Joeri Smits , Isabel Günther","doi":"10.1016/j.deveng.2018.02.001","DOIUrl":null,"url":null,"abstract":"<div><p>Survey data on income and expenditure is often of low quality and does not capture the volatile and irregular nature of cash flows of poor households. Financial diaries are increasingly used to improve the precision and accuracy of consumption and income estimates. In this paper we analyze whether keeping track of income and expenditures changes financial behavior and outcomes, which could reduce the validity of diaries as a measurement instrument. Members of urban Ugandan microcredit groups were, through random assignment, offered financial diaries to keep a record of their daily cash flows for more than a year. We find no evidence that financial diaries change numeracy skills, loan repayment, reported income, or food consumption. We only found a difference in savings, but this is unlikely to represent any impact of the financial diaries, as it does not exceed the amount provided as an incentive to the respondent for participation.</p></div>","PeriodicalId":37901,"journal":{"name":"Development Engineering","volume":"3 ","pages":"Pages 72-82"},"PeriodicalIF":0.0000,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.deveng.2018.02.001","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Development Engineering","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2352728516300598","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 5
Abstract
Survey data on income and expenditure is often of low quality and does not capture the volatile and irregular nature of cash flows of poor households. Financial diaries are increasingly used to improve the precision and accuracy of consumption and income estimates. In this paper we analyze whether keeping track of income and expenditures changes financial behavior and outcomes, which could reduce the validity of diaries as a measurement instrument. Members of urban Ugandan microcredit groups were, through random assignment, offered financial diaries to keep a record of their daily cash flows for more than a year. We find no evidence that financial diaries change numeracy skills, loan repayment, reported income, or food consumption. We only found a difference in savings, but this is unlikely to represent any impact of the financial diaries, as it does not exceed the amount provided as an incentive to the respondent for participation.
Development EngineeringEconomics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
4.90
自引率
0.00%
发文量
11
审稿时长
31 weeks
期刊介绍：
Development Engineering: The Journal of Engineering in Economic Development (Dev Eng) is an open access, interdisciplinary journal applying engineering and economic research to the problems of poverty. Published studies must present novel research motivated by a specific global development problem. The journal serves as a bridge between engineers, economists, and other scientists involved in research on human, social, and economic development. Specific topics include: • Engineering research in response to unique constraints imposed by poverty. • Assessment of pro-poor technology solutions, including field performance, consumer adoption, and end-user impacts. • Novel technologies or tools for measuring behavioral, economic, and social outcomes in low-resource settings. • Hypothesis-generating research that explores technology markets and the role of innovation in economic development. • Lessons from the field, especially null results from field trials and technical failure analyses. • Rigorous analysis of existing development "solutions" through an engineering or economic lens. Although the journal focuses on quantitative, scientific approaches, it is intended to be suitable for a wider audience of development practitioners and policy makers, with evidence that can be used to improve decision-making. It also will be useful for engineering and applied economics faculty who conduct research or teach in "technology for development."
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