nad a22 4500 555301915 20190206085811.0 cr unu---uuuuu 190206e20180701xx s 000 0 eng 10.5167/uzh-166699 doi 10.1016/j.jdeveco.2018.01.006 doi (ZORA)oai:www.zora.uzh.ch:166699 330 ddc Kast Felipe Saving more in groups: field experimental evidence from Chile [Elektronische Daten] [Felipe Kast, Stephan Meier, Dina Pomeranz] restrictedAccess eu-repo We test the impact of a peer group program on savings in a sample of microcredit clients. We conduct two randomized trials among these 2687 microcredit clients. The first finds that a Savings Group Treatment, which combines public goal setting, monitoring in the group and non-financial rewards, increases savings in a new savings account significantly. The number of deposits grows 3.7-fold and the average balance almost doubles. In contrast, a more classical measure, a substantially increased interest rate, has no effect for most participants and raises the savings balance only for the very top of the distribution. A second experiment, conducted a year later, tests an alternative delivery mechanism and shows that effects of similar size can be achieved through feedback text messages, without meetings, rewards, or peer pressure. Given that participants are borrowing at 90% APR, we discuss how and when saving more could be harmful or beneficial. Department of Economics zora Economics and econometrics, development, savings zora Meier Stephan joint author Pomeranz Dina joint author Journal of Development Economics 133:275-294 https://www.zora.uzh.ch/id/eprint/166699/1/Saving_more_in_Pomeranz.pdf text/html WWW-Backlink auf das Repository 1 Journal Article PeerReviewed zora ZORA 856 40 https://www.zora.uzh.ch/id/eprint/166699/1/Saving_more_in_Pomeranz.pdf text/html WWW-Backlink auf das Repository ZORA 100 1- Kast Felipe ZORA 700 1- Meier Stephan joint author ZORA 700 1- Pomeranz Dina joint author ZORA 773 0- Journal of Development Economics 133:275-294 SWISSBIB 436936119 BK010053 XK010053 XK010000 ZORA ZORA ZORA Journal Article restrictedAccess