Asset Building Financial Inclusion Working Paper

A History of Progressive-Era School Savings Banking, 1870-1930

This study builds on current microenterprise research in the United States and examines household income and poverty over time of low-income microentrepreneurs. Comparisons are drawn between three groups: Low-income microenterepreneurs who participated in one of seven U.S. microenterprise programs; low-income self-employed not attached to microenterprise assistance programs; and a third group of low-income workers not engaged in self-employment. By employing a quasi-experimental design, with comparison groups and repeated measures, different outcomes between groups can more readily be attributed to microenterprise assistance programs.

Project: SEED National Initiative


Cruce, A. (2001). A history of Progressive-Era school savings banking, 1870–1930 (CSD Working Paper No. 01-3). St. Louis, MO: Washington University, Center for Social Development.