Attitudes and Saving in Individual Development Accounts: Latent Class Analysis

Han, Chang‐Keun; Sherraden, Michael

doi:10.1007/s10834-009-9157-8

Cited by 30 publications

(6 citation statements)

References 27 publications

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“…Data from the American Dream Demonstration (ADD), the first and most extensive study of IDAs for 2,377 low-income individuals from across the United States, indicate that participants saved an average of $16.60 per month (Sherraden 2005), making an average of $2,586 in matched withdrawals (total deposits plus matching) between 1997 and 2002 (Han and Sherraden 2009). More recently, Michael Sherraden and colleagues examined the effect of subsidized CSAs on savings and asset accumulation for children enrolled in the SEED–Oklahoma study, a large-scale study of CSAs with 2,670 randomly selected newborn children, and find that more people in the treatment group (16 percent) held a participant-owned account, compared to the control group (1 percent).…”

Section: Background and Theoretical Frameworkmentioning

confidence: 99%

Poor Families Striving to Save in Matched Children’s Savings Accounts: Findings from a Randomized Experimental Design in Uganda

Karimli

Ssewamala

Neilands

2014

Social Service Review

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This study examines participants’ savings in children’s savings accounts (CSAs) set up for AIDS-orphaned children ages 10–15 in Uganda. Using a cluster randomized experimental design, we examine the extent to which families participating in a CSA program report more savings than their counterparts not participating in the program, explore the extent to which families who participate in the CSA program report using formal financial institutions compared with families who do not have a CSA, and consider whether families participating in the CSA program bring new money into the CSA or whether they reshuffle existing household assets. We find that participating in a CSA increased families’ likelihood to report having saved money. However, our results show no intervention effect either on the amount of self-reported savings or on the likelihood of using formal financial institutions. Further research is needed to understand whether use of a CSA helps families generate new wealth.

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Section: Background and Theoretical Frameworkmentioning

confidence: 99%

Poor Families Striving to Save in Matched Children’s Savings Accounts: Findings from a Randomized Experimental Design in Uganda

Karimli

Ssewamala

Neilands

2014

Social Service Review

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“…Further, ADD research showed that structures such as matched savings, financial education, and facilitation of automatic deposits into IDA had positive effects on savings outcomes. Also, Han and Sherraden (2009) found that IDAs participants generally had positive views of institutional features such as security, incentives, expectations, restrictions and information.…”

Section: Efforts and Mechanisms For Asset Building In The United Statesmentioning

confidence: 96%

Parental Savings in a Children's Account Program for College Education

Okech

2011

J. of Policy Practice

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This article presents sociodemographic characteristics and outreach activities that were associated with parents making early personal deposits in a children's college savings account program designed for lower income families. A sample of 235 parents who joined the savings program was examined, comparing those who had made early deposits into the accounts and those who had not. Parents' level of education and their having attended a program orientation were strongly associated with making deposits in the accounts. Implications for practice, programs, and policies to help lower income families save for their children's college education are discussed.

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“…The main assumption of the institutional saving theory is that some institutional aspects have effects on asset accumulation. Specifically, seven institutional determinants are identified: access, information, incentives, facilitation, expectations, restrictions and security (Han, & Sherraden, 2009). Access means eligibility and practicality.…”

Section: Institutional Theory Of Savingmentioning

confidence: 99%

Institutional Determinants of Household Savings in Poland

Korzeniowska¹

2019

JRB

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The article analyses the influence of institutional factors on saving in one of the poorest regions in Poland, which is Lubelskie voivodeship. The research was conducted on the basis of institutional saving theory by M. Sherraden. The data were collected at the beginning of 2018 via a survey of household representatives and investigated using statistical methods such as factor analysis, parallel of averages and correlation coefficients. The conclusion drawn is that the institutional saving theory is not applicable exclusively in rich countries due to prevalence of other than institutional factors influencing household savings. Although the respondents view institutional factors as important, they do not use them as sole determinants of their behaviour and decisions in the saving process.

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Attitudes and Saving in Individual Development Accounts: Latent Class Analysis

Cited by 30 publications

References 27 publications

Poor Families Striving to Save in Matched Children’s Savings Accounts: Findings from a Randomized Experimental Design in Uganda

Poor Families Striving to Save in Matched Children’s Savings Accounts: Findings from a Randomized Experimental Design in Uganda

Parental Savings in a Children's Account Program for College Education

Institutional Determinants of Household Savings in Poland

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