» » Can the Poor Save?: Saving and Asset Building in Individual Development Accounts

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by Michael Sherraden,Mark Schreiner
Download Can the Poor Save?: Saving and Asset Building in Individual Development Accounts fb2
Social Sciences
  • Author:
    Michael Sherraden,Mark Schreiner
  • ISBN:
    0202308367
  • ISBN13:
    978-0202308364
  • Genre:
  • Publisher:
    Transaction Publishers; 1 edition (December 1, 2006)
  • Pages:
    385 pages
  • Subcategory:
    Social Sciences
  • Language:
  • FB2 format
    1219 kb
  • ePUB format
    1773 kb
  • DJVU format
    1752 kb
  • Rating:
    4.4
  • Votes:
    984
  • Formats:
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M Schreiner, M Sherraden.

M Schreiner, MW Sherraden. Transaction Publishers, 2007. Microenterprise development programs in the United States and in the developing world. M Schreiner, G Woller. World development 31 (9), 1567-1580, 2003. M Sherraden, M Schreiner, S Beverly. Economic Development Quarterly 17 (1), 95-112, 2003. M Schreiner, M Sherraden.

Can the Poor Save? book. Many policymakers argue that the best poverty policy not only provides. Do IDAs work? If they do Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement.

Can the Poor Save? offers a wealth of lessons to those interested in saving and asset accumulation among the poor. Mark Schreiner is a senior scholar in the Center for Social Development at Washington University in St. Louis and also director of Microfinance Risk Management. It not only breaks new ground in the scientific study of savings behavior, but also offers concrete, evidence-based recommendations to improve policies designed to encourage.

There are two possible reasons for these differences: (1) workers who like to save choose to participate in the program; or (2) 401(k) participation educates workers about investing. explanations using the 1983-1989 Survey of Consumer Finances.

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Michael Sherraden, Mark Schreiner. Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement

Michael Sherraden, Mark Schreiner. Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. This book explores IDAs to determine their effectiveness.

org/annual mtg papers/2006/ 0402. By Mark Schreiner and Michael Sherraden. Transaction Publishers, 2007, ISBN 0-202-30839-1, 385 pages.

Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement.

Aaron, Henry . 2008. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

M Schreiner, M Sherraden.

Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. This book explores IDAs to determine their effectiveness.

IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? This volume is the first analysis of matched savings by the poor to use data from monthly bank statements. It comes at a critical time, as debate rages over the merits of individual social security accounts. IDAs also respond to policy that is becoming more asset based and less inclusive of the poor. The authors argue for the efficacy of IDAs to counter this tendency. They find that while savings outcomes vary among participants, no characteristics (such as low income or public assistance) preclude saving. They examine effects of IDA design (the match rate, savings targets, and the use of automatic transfer) on savings results and analyze factors that influence varying rates of saving and spending over time. They conclude that financial education and other support services, though costly, improve savings performance. To address the issue of cost they suggest a two-tier system of IDA design, one with broad access and simple services and the other with targeted access and intensive services.

Can the Poor Save? offers a wealth of lessons to those interested in saving and asset accumulation among the poor. It not only breaks new ground in the scientific study of savings behavior, but also offers concrete, evidence-based recommendations to improve policies designed to encourage the poor to save and how to make such policies more inclusive.