Ohio State is in the process of revising websites and program materials to accurately reflect compliance with the law. While this work occurs, language referencing protected class status or other activities prohibited by Ohio Senate Bill 1 may still appear in some places. However, all programs and activities are being administered in compliance with federal and state law.

IPR Seminar: Dr. Caezilia Loibl, Department of Consumer Sciences, The Ohio State University

October 16, 2012
4:30 pm - 5:30 pm
038 Townshend Hall

Testing strategies to increase saving among low-income families.

Abstract: In randomized controlled field experiments with participants of a federally funded savings program, the IDA program, we test whether a series of low-cost behavioral nudges increase saving and program retention. Our interventions at 8 large non-profit agencies across the nation address myopic decision making, loss aversion, and the tendency to overweight low probabilities by offering lottery incentives. Our findings contribute to the understanding of low-income savings behavior and have implications for the design of successful poverty reduction efforts.