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Why Don't the Poor Save More? Evidence from Health Savings Experiments / Pascaline Dupas, Jonathan Robinson.
- Format:
- Book
- Author/Creator:
- Dupas, Pascaline.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17255.
- NBER working paper series no. w17255
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- Using data from a field experiment in Kenya, we document that providing individuals with simple informal savings technologies can substantially increase investment in preventative health and reduce vulnerability to health shocks. Simply providing a safe place to keep money was sufficient to increase health savings, through a mental accounting effect. Adding an earmarking feature was only helpful when funds were put towards emergencies; earmarking for preventative health reduced savings on average, because the liquidity cost of tying up money was too great. Providing social pressure and credit through a ROSCA-based savings scheme had very large effects.
- Notes:
- Print version record
- July 2011.
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