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Asset Building Financial Inclusion Working Paper

Income, Institutions, and Saving Performance in Individual Development Accounts

By CSD • July 1, 2002September 2, 2021

This paper examines the relationship between income and saving performance in Individual Development Accounts (IDAs). We first discuss theories of saving. Next, for IDA participants in the American Dream Demonstration, we look at income sources and distribution, followed by tabulations of income and savings outcomes. Following this, we discuss results from regression analyses on savings outcomes. We find that savings amount did not increase with income and that the savings rate decreased with income. Although the data do not reveal exactly what caused this, we believe that institutional factors in IDA programs played an important role.

Project: American Dream Policy Demonstration (ADD)

Citation

Sherraden, M., Schreiner, M., & Beverly, S. (2002). Income, institutions, and saving performance in Individual Development Accounts (CSD Working Paper No. 02-3). St. Louis, MO:  Washington University, Center for Social Development.

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2002American Dream Policy Demonstration (ADD)Individual Development Account (IDA)Mark SchreinerMichael SherradenSondra Beverly

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