Serveur d'exploration Hippolyte Bernheim

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More Than a Penny Saved: Long‐Term Changes in Behavior Among Savings Program Participants

Identifieur interne : 000256 ( Main/Exploration ); précédent : 000255; suivant : 000257

More Than a Penny Saved: Long‐Term Changes in Behavior Among Savings Program Participants

Auteurs : C Zilia Loibl ; Michal Grinstein-Weiss [États-Unis] ; Min Zhan ; Beth Red Bird

Source :

RBID : ISTEX:49FB0A9AC3E838DFE64EB43D5C2BDC0083669280

English descriptors

Abstract

This article examines the levels of savings of former participants in a matched savings program. Findings from a survey of Individual Development Account (IDA) participants and a general low‐income population sample show that participants who successfully completed the savings program report higher household savings than both participants who left the program early and a non‐participant comparison group, suggesting that successful completion of an IDA program may improve the financial dispositions and behaviors associated with long‐term savings. Three predictors of saving behavior emerged: access to the financial mainstream, individual psychological disposition, and the presence of children in the household.

Url:
DOI: 10.1111/j.1745-6606.2010.01159.x


Affiliations:


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Le document en format XML

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<div type="abstract">This article examines the levels of savings of former participants in a matched savings program. Findings from a survey of Individual Development Account (IDA) participants and a general low‐income population sample show that participants who successfully completed the savings program report higher household savings than both participants who left the program early and a non‐participant comparison group, suggesting that successful completion of an IDA program may improve the financial dispositions and behaviors associated with long‐term savings. Three predictors of saving behavior emerged: access to the financial mainstream, individual psychological disposition, and the presence of children in the household.</div>
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