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Cited by 1,542

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Tying Odysseus to the Mast: Evidence From a Commitment Savings Product in the Philippines

Ashraf, N., Karlan, D., Yin, W.·2006·The Quarterly Journal of Economics
DOI 10.1162/qjec.2006.121.2.635
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Abstract

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism. We conducted a baseline survey on 1777 existing or former clients of a bank. One month later, we offered the commitment product to a randomly chosen subset of 710 clients; 202 (28.4 percent) accepted the offer and opened the account. In the baseline survey, we asked hypothetical time discounting questions. Women who exhibited a lower discount rate for future relative to current trade-offs, and hence potentially have a preference for commitment, were indeed significantly more likely to open the commitment savings account. Mter twelve months, average savings balances increased by 81 percentage points for those clients assigned to the treatment group relative to those assigned to the control group. We conclude that the savings response represents a lasting change in savings, and not merely a short-term response to a new product.

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Metadata

Authors
Ashraf, N., Karlan, D., & Yin, W.
Venue
The Quarterly Journal of Economics
Publisher
Oxford University Press (OUP)
Published
2006-05-01
Volume
121
Issue
2
Pages
635-672
ISSN
  • 0033-5533 (ISSN-L)
  • 1531-4650
DOI
10.1162/qjec.2006.121.2.635
OpenAlex
W2150119583
Cited by
1,542
References
2
FWCI
164.61
Type
journal article
Language
en
Open access
closed

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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