We evaluate the first controlled field experiment on Individual Development Accounts (IDAs). Including their own contributions and matching funds, treatment group members in the Tulsa, Oklahoma program could accumulate $6,750 for home purchase or $4,500 for other qualified uses. Almost all...

We estimate the social benefits of homeownership using an exogenous instrument based on randomly assigned treatment status from a field experiment that subsidized saving for home purchase for low-income renters through Individual Development Accounts (IDAs). This approach attempts to eliminate...

Low-income American families save very little in general, and especially for their children's education. This paper presents estimates for low-income families of educational saving incentives on college saving decisions. The evidence is drawn from the results of a field experiment in Pontiac,...