Saving for Success: Financial Education and Savings Goal Achievement in Individual Development Accounts

2012 ◽  
Author(s):  
Mary Grinstead ◽  
Teresa Mauldin ◽  
Joseph Sabia ◽  
Joan Koonce Moss ◽  
Lance Palmer
Keyword(s):  
Financial Education ◽  
Goal Achievement ◽  
Individual Development ◽  
Individual Development Accounts

Assets beyond Savings in Individual Development Accounts

2009 ◽  
Vol 83 (2) ◽  
pp. 221-244 ◽  
Author(s):  
Chang‐Keun Han ◽  
Michal Grinstein‐Weiss ◽  
Michael Sherraden
Keyword(s):  
Individual Development ◽  
Individual Development Accounts

Detecting Effects on Net Worth Is Nettlesome Work: Fragility in a Randomized Experiment with Individual Development Accounts

2013 ◽  
Author(s):  
Mark Schreiner ◽  
Michael Sherraden
Keyword(s):  
Data Quality ◽  
Low Income ◽  
Missing Values ◽  
Individual Development ◽  
Randomized Experiment ◽  
Randomized Experiments ◽  
Individual Development Accounts ◽  
Net Worth ◽  
Data Errors ◽  
Savings Accounts

This article analyzes data from a randomized experiment on how matched-savings accounts affect the net worth of low-income people. We find that estimates are sensitive to probable data errors and to the handling of missing values. In contrast to the findings of Mills et al. 2008, some of the estimated impacts on net worth are large, both economically and statistically. We argue that the jury is still out on the impacts of Individual Development Accounts (IDA) on net worth, and we highlight that data quality and modeling assumptions are crucial even (or especially) for randomized experiments.

Saving from poverty: A critical review of Individual Development Accounts

2017 ◽  
Vol 38 (2) ◽  
pp. 181-200 ◽  
Author(s):  
Guy Feldman
Keyword(s):  
Low Income ◽  
Critical Review ◽  
Financial Stability ◽  
The United States ◽  
Research Literature ◽  
Individual Development ◽  
Asset Building ◽  
Individual Development Accounts ◽  
Long Term Impact

The much-heralded anti-poverty strategy of asset-building has been adopted by many countries across the world. Asset-building programmes are designed to help low-income families achieve long-term financial stability through savings and asset accumulation. This article offers a comprehensive and critical review of the current state of theory and research on asset-building programmes, with an emphasis on Individual Development Accounts (IDAs) in the United States. Studies of IDAs have involved quantitative evaluations of the programme, focusing on three key topics: the programme’s effects on clients’ savings behaviour, its effects on clients’ outlook on life, and its long-term impact. On the basis of a careful review of these findings, it is argued that the claim that IDA programmes and asset-building in general have the potential to reduce poverty is overrated and premature. The article builds on theoretical insights regarding the nature of neoliberalism to make sense of the picture portrayed in the research literature.

Effects of individual development accounts on asset purchases and saving behavior: Evidence from a controlled experiment

2008 ◽  
Vol 92 (5-6) ◽  
pp. 1509-1530 ◽  
Author(s):  
Gregory Mills ◽  
William G. Gale ◽  
Rhiannon Patterson ◽  
Gary V. Engelhardt ◽  
Michael D. Eriksen ◽  
...  
Keyword(s):  
Controlled Experiment ◽  
Individual Development ◽  
Individual Development Accounts ◽  
Saving Behavior ◽  
Asset Purchases

scholarly journals Using Individual Development Accounts to Save for a Home: Are There Differences by Race?

2007 ◽  
Vol 81 (4) ◽  
pp. 657-681 ◽  
Author(s):  
Michal Grinstein‐Weiss ◽  
Kate Irish ◽  
Susan L. Parish ◽  
Kristen M. Wagner
Keyword(s):  
Individual Development ◽  
Individual Development Accounts
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