Journal Articles

Effects of Individual Development Accounts (IDAs) on Household Wealth and Saving Taste

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This study examines effects of individual development accounts (IDAs) on household wealth of low-income participants. Methods: This study uses longitudinal survey data from the American Dream Demonstration (ADD) involving experimental design (treatment group = 537, control group = 566). Results: Results from quantile regression analysis indicate that IDA participants had more household financial assets, controlling for household saving taste and other demographic variables. Program participants did not reshuffle existing assets into IDAs and IDA savings was new household wealth. Low-wealth participants benefited more from the program than those with relatively more wealth. In addition, program participation changed participants’ saving behaviors and improved household saving taste. Conclusions: IDAs facilitate asset accumulation among low-income households. Implications for social work practice are discussed.

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Detail Information

Series Title

Research on Social Work Practice

Call Number

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Publisher

: sage publisher., 2010

Collation

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Language

English

ISBN/ISSN

10497315

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

Vol. 20 no. 6, November 2010.pp. 582-590

Subject(s)

Individual development accounts
Household wealth
Low-income families

Specific Detail Info

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Statement of Responsibility

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