October 16, 2012
4:30PM - 5:30PM
038 Townshend Hall
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2012-10-16 16:30:00
2012-10-16 17:30:00
IPR Seminar: Dr. Caezilia Loibl, Department of Consumer Sciences, The Ohio State University
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.
038 Townshend Hall
OSU ASC Drupal 8
ascwebservices@osu.edu
America/New_York
public
Date Range
Add to Calendar
2012-10-16 16:30:00
2012-10-16 17:30:00
IPR Seminar: Dr. Caezilia Loibl, Department of Consumer Sciences, The Ohio State University
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.
038 Townshend Hall
Institute for Population Research
popcenter@osu.edu
America/New_York
public
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.
