Skip to content Skip to search Skip to footer
Washington University in St. Louis

Brown School

Center for Social Development

Menu
  • About
  • Areas Of Work
    • Our Projects
  • Experts
    • Core Faculty & Staff
    • Faculty Directors
    • Faculty Associates
    • CSD Research Associates & Assistants
  • Publications
  • Partnerships
    • The Grand Challenges for Social Work
    • Sister Centers for Social Development
    • Washington University Partnerships
    • Next Age Institute​: Partnership in Social Innovation
    • Funding Partners
  • Newsroom
    • CSD News
    • Media
    • Newsletter
  • Events
    • Brown Bag Seminar Series
    • Events by Year
  • Contact
    • Join Our Mailing List
Asset Building Financial Inclusion Working Paper

Match Rates, Individual Development Accounts, and Saving by the Poor

By CSD • July 1, 2004October 31, 2018

Individual Development Accounts (IDAs) provide low-income people with matches for savings used for home purchase, post-secondary education, or microenterprise. Match rates for the 2,350 IDA participants in the American Dream Demonstration (ADD) were typically 1:1 or 2:1 but ranged as high as 7:1. This paper looks at how these match rates were related with the likelihood of saving something and with the level of savings. The model controls for a number of confounding factors often ignored in similar studies of match rates in 401(k) plans. For IDAs in ADD, higher match rates were generally associated with a greater likelihood of saving something and—for participants who saved something—a lower level of IDA savings.

Project: American Dream Policy Demonstration (ADD)

Citation

Schreiner, M. (2004). Match rates, Individual Development Accounts, and saving by the poor (CSD Working Paper No. 04-02). St. Louis, MO: Washington University, Center for Social Development.

View Publication
2004American Dream Policy Demonstration (ADD)individual development account (ida)Mark Schreiner

Center for Social Development

Washington University in St. Louis

One Brookings Drive

St. Louis, MO 63130

314-935-7433

csd@wustl.edu

  • Facebook
  • Twitter
  • Flickr

Center for Social Development

Media Contact

Lissa Johnson
CSD Associate Director

ejohnson@wustl.edu


Join our Mailing List

Founded 1994

©2021 Washington University in St. Louis