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12:30 - 13:45 4 November 2015

Banking on Trust


IFS basement | Institute for Fiscal Studies (link Map)
7 Ridgmount Street | London | WC1E 7AE | United Kingdom

Open to: Academic | Student
Ticketing: Open

Speaker information

Paul Gertler, UC Berkeley

Trust is an essential element of economic transactions. Trust in financial institutions is at an all time low according the World Values Surveys and may explain in part why the poor do not save. Debit cards provide not only easier access to savings (at any bank’s ATM as opposed to the nearest bank branch), but also a mechanism to monitor bank account balances and thereby build trust in financial institutions. We study a natural experiment in which debit cards were rolled out to beneficiaries of a Mexican conditional cash transfer program, who already were receiving their transfers in savings accounts through a government bank, but were choosing not to use their accounts to save.


Institute for Fiscal Studies
020 7291 4800