Savings in transnational households: a field experiment among migrants from El Salvador

Nava Ashraf, Diego Aycinena, Claudia Martínez, Dean Yang

Research output: Contribution to journalArticle

29 Citations (Scopus)

Abstract

We implemented a randomized field experiment that tested
ways to stimulate migrants’ savings in their origin country. We find that
migrants value opportunities to exert greater control over financial activities
in their home countries. We offered U.S.-based migrants bank
accounts in El Salvador, randomly varying migrant control over El Salvador–
based savings by offering different accounts across treatments.
Migrants offered the greatest degree of control accumulated the most savings.
Impacts likely represent increases in total savings; there is no evidence
that savings increases were simply reallocated from other savings
mechanisms. Enhanced control over home country savings does not affect
remittances sent home
Original languageEnglish (US)
Pages (from-to)332-351
Number of pages19
JournalReview of Economics and Statistics
Volume97
Issue number2
StatePublished - 2015

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Ashraf, Nava ; Aycinena, Diego ; Martínez, Claudia ; Yang, Dean . / Savings in transnational households: a field experiment among migrants from El Salvador. In: Review of Economics and Statistics. 2015 ; Vol. 97, No. 2. pp. 332-351.
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Savings in transnational households: a field experiment among migrants from El Salvador. / Ashraf, Nava; Aycinena, Diego; Martínez, Claudia; Yang, Dean .

In: Review of Economics and Statistics, Vol. 97, No. 2, 2015, p. 332-351.

Research output: Contribution to journalArticle

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