IDAs, Saving Taste, and Household Wealth: Evidence From the American Dream Demonstration
2009
- 59Usage
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Usage59
- Downloads53
- Abstract Views6
Paper Description
This study uses the longitudinal survey data from the American Dream Demonstration (ADD) involving experimental design (treatment group=537, control group=566) to examine the effects of Individual Development Accounts (IDAs) on household wealth of low-income participants. Results of quantile regression analysis show that program participation significantly increased household financial assets, controlling for household saving taste and other demographic variables. Program participants did not reshuffle existing assets into IDAs, and IDA savings represented new household wealth. Low-wealth participants benefited more from the program than those with relatively more wealth. In addition, program participation changed participants’ saving behaviors and improved household saving taste.
Bibliographic Details
https://openscholarship.wustl.edu/csd_research/249; https://openscholarship.wustl.edu/cgi/viewcontent.cgi?article=1248&context=csd_research; http://dx.doi.org/10.7936/k70v8c81; https://doi.org/10.7936%2Fk70v8c81; https://dx.doi.org/10.7936/k70v8c81; https://openscholarship.wustl.edu/csd_research/249/
Washington University in St. Louis Libraries
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