This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …

first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical … increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … measure, a substantially increased interest rate, has no effect on the vast majority of participants. A second experiment is …

This paper analyzes data from a novel field experiment designed to test the impact of two different insurance products … situation can be closely monitored, but that it might be a very important complement when savings inhibit observing financial …

the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …

eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …

-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase savings among these at …

, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and …

, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …