TY - JOUR
T1 - School Banking as a Strategy for Strengthening Youth Economic Participation in Developing Countries
T2 - Lessons from YouthSave
AU - Johnson, Lissa
AU - Lee, Yung Soo
AU - Njenga, Githinji
AU - Kieyah, Joseph
AU - Osei-Akoto, Isaac
AU - Rodriguez Orgales, Catherine
AU - Sharma, Sharad
AU - Chowa, Gina Agnes
AU - Ansong, David
AU - Ssewamala, Fred
AU - Sherraden, Margaret
AU - Sherraden, Michael
AU - Zou, Li
N1 - Publisher Copyright:
© 2018, Springer International Publishing AG, part of Springer Nature.
PY - 2018/12/1
Y1 - 2018/12/1
N2 - Schools are the primary settings where both education and health services are delivered to youth in developing countries. A similar approach can be used for financial inclusion. Financial inclusion, in turn, can lead to positive youth development outcomes in education and health. But a critical first step is financial access. This study examines how schools can serve as the setting for financial education and financial services, increasing youth economic participation. Research in four developing countries finds an increase in youth savings account uptake when financial institutions provide opportunities at schools for youth to receive financial education, open savings accounts, and make deposits. Findings are that school banking can overcome some of the regulatory, geographic, and information barriers that limit youth access to safe and affordable savings services. Marginalized youth, including those who are low-income and females, participate as much as other youth. We conclude that schools can play an important role in increasing youth economic participation, a positive step toward economic strengthening and overall well-being. As a possible implication, school-based health programming might consider integrating school banking features, such as opening savings accounts, into future program design and implementation.
AB - Schools are the primary settings where both education and health services are delivered to youth in developing countries. A similar approach can be used for financial inclusion. Financial inclusion, in turn, can lead to positive youth development outcomes in education and health. But a critical first step is financial access. This study examines how schools can serve as the setting for financial education and financial services, increasing youth economic participation. Research in four developing countries finds an increase in youth savings account uptake when financial institutions provide opportunities at schools for youth to receive financial education, open savings accounts, and make deposits. Findings are that school banking can overcome some of the regulatory, geographic, and information barriers that limit youth access to safe and affordable savings services. Marginalized youth, including those who are low-income and females, participate as much as other youth. We conclude that schools can play an important role in increasing youth economic participation, a positive step toward economic strengthening and overall well-being. As a possible implication, school-based health programming might consider integrating school banking features, such as opening savings accounts, into future program design and implementation.
KW - Financial inclusion
KW - Health
KW - Savings
KW - School banking
KW - Youth
UR - http://www.scopus.com/inward/record.url?scp=85065751995&partnerID=8YFLogxK
U2 - 10.1007/s40609-017-0109-1
DO - 10.1007/s40609-017-0109-1
M3 - Article
AN - SCOPUS:85065751995
SN - 2196-8799
VL - 5
SP - 265
EP - 275
JO - Global Social Welfare
JF - Global Social Welfare
IS - 4
ER -