Dean Karlan|Aishwarya Lakshmi Ratan|Jonathan Zinman
Savings by and for the Poor: A Research Review and Agenda
Yale University|Abdul Latif Jameel Poverty Action Lab|Yale University|Abdul Latif Jameel Poverty Action Lab|Dartmouth Hospital|Dartmouth College
poor save often use formal informal instruments high risk high cost limited functionality could lead undersaving compared world without market behavioral frictions undersaving important welfare consequences variable consumption low resilience shocks foregone profitable investments lay five sets constraints may hinder adoption effective usage savings products services poor transaction costs lack trust regulatory barriers information knowledge gaps social constraints behavioral biases discuss theory summarize related empirical evidence focus recent field experiments put forward key open areas research practice