Effects of a Tax-Time Savings Intervention on Use of Alternative Financial Services among Lower-Income Households
Effects of a Tax-Time Savings Intervention on Use of Alternative Financial Services among Lower-Income Households
7 July, 2020 •Similar Articles
Savings and Subsidies, Separately and Together: Decomposing Effects of a Bundled Anti-Poverty Program
Many anti-poverty programs are ‘bundled’, in that they have multiple
active program components. We shed light on the interplay be...
The Impact of Credit Cards on Spending: A Field Experiment
In a field experiment, we measure the impact of payment with credit card as compared with cash on insurance company employees’ spending on lunch ...
Remembering to Pay? Reminders vs. Financial Incentives for Loan Payments
We report the results from a field experiment with a micro lender in Uganda to test the effectiveness of privately implemented incentives for loan ...
Alternative financial services (AFS) such as check cashing and payday loans may help unbanked households meet transaction and credit needs, yet often at a very high price. Saving tax refunds can help low- and moderate-income (LMI) households build emergency savings as a way to reduce dependence on AFS and cope effectively with irregular cash flows and financial shocks.