The Limits of Commitment : Who Benefits from Illiquid Savings Products?

The Limits of Commitment : Who Benefits from Illiquid Savings Products?

Working with a private bank in Ghana, this study examines the impacts of a commitment savings product designed to help clients taking repeated overdrafts break their debt cycles. Overall, the product significantly increased savings with the bank wi...

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Bibliographic Details
Main Authors: Buehren, Niklas, Goldstein, Markus, Klapper, Leora, Koroknay-Palicz, Tricia, Schaner, Simone
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
AFRICA GENDER POLICY
GENDER INNOVATION LAB
LIQUIDITY
BANKING
SAVINGS BEHAVIOR
BANKING SERVICES
WOMEN AND AGRICULTURE
Online Access:http://documents.worldbank.org/curated/en/145051540998851212/The-Limits-of-Commitment-Who-Benefits-from-Illiquid-Savings-Products
http://hdl.handle.net/10986/30654
id okr-10986-30654
recordtype oai_dc
spelling okr-10986-306542021-06-08T14:42:48Z The Limits of Commitment : Who Benefits from Illiquid Savings Products? Buehren, Niklas Goldstein, Markus Klapper, Leora Koroknay-Palicz, Tricia Schaner, Simone AFRICA GENDER POLICY GENDER INNOVATION LAB LIQUIDITY BANKING SAVINGS BEHAVIOR BANKING SERVICES WOMEN AND AGRICULTURE Working with a private bank in Ghana, this study examines the impacts of a commitment savings product designed to help clients taking repeated overdrafts break their debt cycles. Overall, the product significantly increased savings with the bank without increasing overdrafts. However, after accounting for other sources of savings, the study finds that clients with above-median baseline overdraft histories do not accrue new savings during the commitment period. Rather, they draw down other savings to offset the committed amount and take on new debt. In contrast, individuals with below-median overdraft histories significantly increase savings during and after the commitment period. 2018-11-01T21:25:48Z 2018-11-01T21:25:48Z 2018-10 Working Paper http://documents.worldbank.org/curated/en/145051540998851212/The-Limits-of-Commitment-Who-Benefits-from-Illiquid-Savings-Products http://hdl.handle.net/10986/30654 English Policy Research Working Paper;No. 8633 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Ghana
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic AFRICA GENDER POLICY
GENDER INNOVATION LAB
LIQUIDITY
BANKING
SAVINGS BEHAVIOR
BANKING SERVICES
WOMEN AND AGRICULTURE
spellingShingle AFRICA GENDER POLICY
GENDER INNOVATION LAB
LIQUIDITY
BANKING
SAVINGS BEHAVIOR
BANKING SERVICES
WOMEN AND AGRICULTURE
Buehren, Niklas
Goldstein, Markus
Klapper, Leora
Koroknay-Palicz, Tricia
Schaner, Simone
The Limits of Commitment : Who Benefits from Illiquid Savings Products?
geographic_facet Africa
Ghana
relation Policy Research Working Paper;No. 8633
description Working with a private bank in Ghana, this study examines the impacts of a commitment savings product designed to help clients taking repeated overdrafts break their debt cycles. Overall, the product significantly increased savings with the bank without increasing overdrafts. However, after accounting for other sources of savings, the study finds that clients with above-median baseline overdraft histories do not accrue new savings during the commitment period. Rather, they draw down other savings to offset the committed amount and take on new debt. In contrast, individuals with below-median overdraft histories significantly increase savings during and after the commitment period.
format Working Paper
author Buehren, Niklas
Goldstein, Markus
Klapper, Leora
Koroknay-Palicz, Tricia
Schaner, Simone
author_facet Buehren, Niklas
Goldstein, Markus
Klapper, Leora
Koroknay-Palicz, Tricia
Schaner, Simone
author_sort Buehren, Niklas
title The Limits of Commitment : Who Benefits from Illiquid Savings Products?
title_short The Limits of Commitment : Who Benefits from Illiquid Savings Products?
title_full The Limits of Commitment : Who Benefits from Illiquid Savings Products?
title_fullStr The Limits of Commitment : Who Benefits from Illiquid Savings Products?
title_full_unstemmed The Limits of Commitment : Who Benefits from Illiquid Savings Products?
title_sort limits of commitment : who benefits from illiquid savings products?
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/145051540998851212/The-Limits-of-Commitment-Who-Benefits-from-Illiquid-Savings-Products
http://hdl.handle.net/10986/30654
_version_ 1764472540505309184

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