Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Jeffrey Flory

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Rights Information

© 2014 Kyung Tae Bae


The paper examines effects of individual characteristics, household characteristics and impact of having a child in a household on usage of formal savings services in Malawi. The result of the paper suggests that individuals with certain characteristics do increase their chance of having at least one formal savings account and total amount in the saving account. Typically, males and household head have positive correlation. In addition, having a stable income occupation increases individuals’ usage of formal savings services. Lastly, there is negative effect on formal savings account if an individual has a child under 3 in the household. Data used in this paper is collected through field experiment in over 320 villages in Malawi.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.