Financial education via television comedy

Research output: Contribution to journalArticleResearchpeer-review

Abstract

We show that television may be able to deliver rudimentary financial literacy in a cost-effective manner. In a controlled experiment, Cambodian garment factory workers were randomly assigned to one of three treatments: no video (baseline), slideshow and comedy TV show. After the intervention, to examine whether individuals were able to internalize the information that was provided, participants were asked to answer a set of questions on financial knowledge and attitudes. Our results show that participants randomly assigned to the comedy show are significantly more likely to report that they are interested in obtaining more information on savings accounts and are also significantly more likely to open a savings account in the next 6 months. This method of delivery may prove effective particularly for the disadvantaged sections of the population in remote regions of Cambodia.

Original languageEnglish
Pages (from-to)1407-1410
Number of pages4
JournalApplied Economics Letters
Volume25
Issue number20
DOIs
Publication statusPublished - 28 Nov 2018

Keywords

  • Cambodia
  • field experiment
  • Financial literacy
  • media

Cite this

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Financial education via television comedy. / Crawford, Andrew; Lajbcygier, Paul; Maitra, Pushkar.

In: Applied Economics Letters, Vol. 25, No. 20, 28.11.2018, p. 1407-1410.

Research output: Contribution to journalArticleResearchpeer-review

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AB - We show that television may be able to deliver rudimentary financial literacy in a cost-effective manner. In a controlled experiment, Cambodian garment factory workers were randomly assigned to one of three treatments: no video (baseline), slideshow and comedy TV show. After the intervention, to examine whether individuals were able to internalize the information that was provided, participants were asked to answer a set of questions on financial knowledge and attitudes. Our results show that participants randomly assigned to the comedy show are significantly more likely to report that they are interested in obtaining more information on savings accounts and are also significantly more likely to open a savings account in the next 6 months. This method of delivery may prove effective particularly for the disadvantaged sections of the population in remote regions of Cambodia.

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