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Asset Building Financial Inclusion Working Paper

Do Institutions Really Matter for Saving Among Low-Income Households? a Comparative Approach

By CSD • July 1, 2007October 27, 2021

This study aims to examine the extent to which competing theories explain saving of low-income households in Individual Development Accounts (IDAs). Competing theories include individual-oriented perspective, social stratification perspective, and institutional saving theory. This study uses American Dream Demonstration (ADD) data collected at the Tulsa IDA program. Compared with the individual perspective and the social stratification perspective, institutional features explain a significant part of the variance in saving outcomes measured by average monthly net deposit (AMND) and deposit frequency ratio (DFR). Findings suggest that an inclusive asset-based policy should be designed with institutional structures encouraging low-income households to save.

Project: American Dream Policy Demonstration (ADD)

Citation

Han, C.-K., & Sherraden, M. (2007). Do institutions really matter for saving among low-income households? A comparative approach (CSD Working Paper No. 07-26). St. Louis, MO: Washington University, Center for Social Development.

View Publication
2007American Dream Policy Demonstration (ADD)Chang-Keun HanIndividual Development Account (IDA)Michael Sherraden

Center for Social Development

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