This study examines the effects of employer-provided Earned Wage Access (EWA) on financial resilience, workplace retention, and productivity among low-income women workers in a South Indian garment factory. Through a 12-month randomized controlled trial, researchers found that access to EWA reduced reliance on informal loans by 30%, improved liquidity, and enhanced worker retention by 4.2%. Women in the intervention group also experienced an 8% increase in daily productivity, particularly those facing high financial stress. While the intervention improved financial confidence, it did not significantly impact savings behavior or intra-household bargaining power. The findings highlight the potential of workplace-based digital financial solutions in promoting financial well-being and economic empowerment for women in developing countries.
Authors: Adhvaryu, Achyuta; Dhanaraj, Sowmya; Nyshadham, Anant; Gade, Smit; Somanchi, Apoorv
Type: Working Paper
Year: 2024
