Women who save: A comparative analysis of Ecuador, Ghana and Karnataka, India

Abstract

Ownership of financial assets is an important component of the path towards women’s economic empowerment. Savings serve as the most reliable and convenient way to cushion against economic shocks while providing a way for women to accumulate the means to purchase productive assets. A woman with her own savings may be able to exercise more bargaining power and decision-making capabilities within the household, which could allow her to accumulate individual wealth, invest in her children’s education and nutrition, or enable her to leave an abusive relationship.1 And yet, no comparative, large-scale study has been done on the patterns of women’s savings.2 While some research has tried to isolate the marginal impacts of women becoming savers, the patterns of savings are still not understood very well. Important questions remain unanswered: Do urban women save more than rural women? Does the level of household wealth influence how much a woman saves? What can be learned by comparing women’s savings in countries at differing levels of development? What correlations exist between having savings and owning other key assets, such as housing, agricultural land, and businesses?................