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Income, Institutions, and Saving Performance in Individual Development Accounts

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  • Michael Sherraden
  • Mark Schreiner
  • Sondra Beverly

Abstract

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

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File URL: http://edq.sagepub.com/content/17/1/95.abstract
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Bibliographic Info

Article provided by in its journal Economic Development Quarterly.

Volume (Year): 17 (2003)
Issue (Month): 1 (February)
Pages: 95-112

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Handle: RePEc:sae:ecdequ:v:17:y:2003:i:1:p:95-112

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Cited by:
  1. Loibl, C├Ązilia & Kraybill, David S. & DeMay, Sara Wackler, 2011. "Accounting for the role of habit in regular saving," Journal of Economic Psychology, Elsevier, Elsevier, vol. 32(4), pages 581-592, August.
  2. Chowa, Gina A.N. & Elliott III, William, 2011. "An asset approach to increasing perceived household economic stability among families in Uganda," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 40(1), pages 81-87, February.
  3. Manturuk, Kim & Dorrance, Jessica & Riley, Sarah, 2012. "Factors affecting completion of a matched savings program: Impacts of time preference, discount rate, and financial hardship," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 41(6), pages 836-842.
  4. Han, Chang-Keun & Sherraden, Michael, 2009. "Do institutions really matter for saving among low-income households? A comparative approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 38(3), pages 475-483, June.
  5. Grinstein-Weiss, Michal & Wagner, Kristen & Ssewamala, Fred M., 2006. "Saving and asset accumulation among low-income families with children in IDAs," Children and Youth Services Review, Elsevier, Elsevier, vol. 28(2), pages 193-211, February.

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