The factors influencing saving in a matched savings program: Goals, knowledge of payment instruments, and other behavior

Journal of Family and Economic Issues

Volumn 29, Issue 2, 2008, Pages 234-250

  Fry, Tim R L ^a   Mihajilo, Sandra ^b   Russell, Roslyn ^a   Brooks, Robert ^c  

^a RMIT UNIVERSITY   (Australia)

^b Starcom MetriX   (Australia)

^c MONASH UNIVERSITY   (Australia)

Author keywords

Household savings; Matched savings; Panel data

Indexed keywords

EID: 42149093112     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10834-008-9106-y     Document Type: Article

References (34)

1. Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58, 277-297.
2. Atkinson, A., McKay, S., Kempson, E., & Collard, S. (2006). Levels of financial capability in the U.K.: Results of a baseline survey. London: Financial Services Authority.
3. Avery, R., & Kennickell, A. (1991). Household saving in the U.S. Review of Income and Wealth, 37, 409-432.
4. Beal, D. (2000a). Saving in Australia: How do savers decide on the amount. Economic Papers, 19, 33-43.
5. Beal, D. (2000b). Internal motives for saving in Australia. Economic Papers, 19, 1-13.
6. Bernheim, B., Douglas, D. M., Garrett, M., & Maki, D. (2001). Education and saving: The long-term effects of high school financial curriculum mandates. Journal of Public Economics, 80, 436-466.
7. Beverley, S., McBride, M. A., & Schreider, M. (2003). A framework of asset-accumulation stages and strategies. Journal of Family and Economic Issues, 24, 143-156.
8. Beverley, S., & Sherraden, M. (2001). How people save and the role of I.D.A.s. In R. Boshara (Ed.), Building assets: A report on the asset development and I.D.A. field (pp. 5.65-5.076). Washington, DC: Corporation for Enterprise Development.
9. Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87, 115-143.
10. Braunstein, S., & Welch, C. (2002). Financial literacy: An overview of practice, research and policy. Federal Reserve Bulletin, 88, 445-458.
11. Browning, M., & Lusardi, A. (1996). Household saving: Micro theories and micro facts. Journal of Economic Literature, 34, 1797-1855.
12. Center for Global Development. (2006). How to do xtabond2: An introduction to "difference" and "system" G.M.M. in Stata (Working Paper 103). Washington, DC: Roodman, D.
13. Emmerson, C., & Wakefield, M. (2003). Increasing support for those on lower incomes: Is the saving gateway the best policy response?. Fiscal Studies, 24, 167-195.
14. Engen, E. M., Gale, W. G., & Scholz, J. K. (1996). The illusory effects of saving incentives on saving. Journal of Economic Perspectives, 10, 113-138.
15. Fox, J., Bartholomae, S., & Lee, J. (2005). Building the case for financial education. Journal of Consumer Affairs, 39(1), 195-214.
16. Harris, M., Loundes, J., & Webster, E. (2002). Determinants of household saving in Australia. Economic Record, 78, 207-223.
17. Japelli, T., & Pistaferri, L. (2007). Do people respond to tax incentives? An analysis of the Italian reform of the deductability of home mortgage interests. European Economic Review, 51, 247-271.
18. Katona, G. (1951). Psychological analysis of economic behaviour. New York: McGraw Hill.
19. Katona, G. (1975). Psychological economics. New York: Elsevier.
20. Kempson, E., McKay, S., & Collard, S. (2005). Incentives to save: Encouraging saving among low-income household. London: HM Treasury.
21. Lucey, T. A. (2005). Assessing the reliability and validity of the Jumptart survey of financial literacy. Journal of Family and Economic Issues, 26, 283-294.
22. McKay, S., & Kempson, E. (2003). Savings and life events. Retrieved October 15, 2006, from http://www.workandpensions.gov.uk/asd/asd5/summ2003-2004/ 194summ.pdf.
23. Nerlove, M. L. (1958). Distributed lags and demand analysis. Agricultural Handbook (No. 141). Washington, DC: U.S. Department of Agriculture.
24. O'Neill, B. (2007). Overcoming inertia: Do automated saving and investment strategies work? Journal of Family and Economic Issues, 28, 321-335.
25. Pashardes, P. (1991). Contemporaneous and intertemporal child costs: Equivalent expenditure vs. equivalent income scales. Journal of Public Economics, 45, 191-213.
26. Russell, R., Brooks, R., Nair, A., & Fredline, L. (2005). Saver Plus improving financial literacy through encouraging savings: Evaluation of the Savers Plus pilot phase 1 - final report. Melbourne: ANZ.
27. Russell, R., Brooks, R., Nair, A., & Fredline, L. (2006). The initial impacts of a matched savings program: The Saver Plus program. Economic Papers, 25, 32-40.
28. Russell, R., & Fredline, L. (2004). Saver Plus progress and perspectives: Evaluation of the Savers Plus pilot project - interim report. Melbourne: ANZ.
29. Rutherford, S. (2000). The poor and their money. New Delhi: Oxford University Press.
30. Schreiner, M., Clancy, M., & Sherraden, M. (2002). Saving performance in the American dream demonstration: A national demonstration of Individual Development Accounts: Final report. St. Louis: Center for Social Development, Washington University.
31. Schreiner, M., & Sherraden, M. (2005). Drop out from individual development accounts: Prediction and prevention. Financial Services Review, 14, 37-54.
32. Sherraden, M. (1991). Assets and the poor: A new American welfare policy. Armonk, NY: M. E. Sharpe.
33. Vonderlack, R., & Schreiner, M. (2002). Women, microfinance and savings: Lessons and proposals. Development in Practice, 12, 602-612.
34. Wang, Y. (1994). Effects of the price of time on household savings: A life-cycle consistent model and evidence from micro-data. Southern Economic Journal, 60, 832-844.