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Partnering with a savings product provider in Kenya, we tested the extent to which behavioral interventions and … financial incentives can increase the saving rate of individuals with low and irregular income. Our experiment lasted for six … participants were asked to keep track of their weekly deposits (3) a match of weekly savings: The match was either 10% or 20% up to …
Persistent link: https://www.econbiz.de/10011497226
Are people willing to sacrifice resources to save one's and others' face? In a laboratory experiment, we study whether …
Persistent link: https://www.econbiz.de/10011283153
access to formal savings. This is the first study to use a randomized controlled trial to evaluate the impact of using mobile … money as a tool to promote agricultural investment. For this purpose, we designed and conducted a field experiment with a … friends. We work with two cross-randomized interventions. The first treatment gave access to a remunerated mobile savings …
Persistent link: https://www.econbiz.de/10012140124
-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 …
Persistent link: https://www.econbiz.de/10009631456
age for women born after 1951 in Germany, we show evidence of a reduction in private savings rate and an increase in …
Persistent link: https://www.econbiz.de/10012133536
Time-inconsistent, present-biased agents may hold commitment assets hoping to keep their current and future present bias in check. Paternalistic governments, in an effort to help such people, routinely offer commitment machinery such as restrictions (or bans) on early withdrawals from...
Persistent link: https://www.econbiz.de/10012203129
, savings, length of stay in the U.S., and citizenship status affect the probability of homeownership before the recession and …
Persistent link: https://www.econbiz.de/10009763229
In this paper we analyze a mechanism that is particularly relevant to the workings of the Great Recession: we explain how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of job search with liquid wealth accumulation and...
Persistent link: https://www.econbiz.de/10010222189
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 …
Persistent link: https://www.econbiz.de/10010228778
were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal … then ran a randomized experiment to evaluate the effect of increased information regarding pensions on women's awareness …
Persistent link: https://www.econbiz.de/10012262648