Savings goal calendars as soft commitment devices: evidence from small business owners in Uganda

Saved in:

Authors and Corporations:

Grohmann, Antonia (Author), Lakemann, Tabea (Author), Seitz, Helke (Author)

Other Authors:

Lakemann, Tabea [Author] • Seitz, Helke 1985- [Author]

Type of Resource:

E-Book

Language:

English

published:

Berlin DIW Berlin, German Institute for Economic Research 2020

Series:

Subjects:

Soft Commitment

Savings

Time Preferences

Small Business Growth

Graue Literatur

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

Description
Summary:	This study examines the effect of a soft commitment device in the form of a savings goal calendar on savings for small business owners in Kampala, Uganda. We run a randomized controlled trial (RCT) under which the treatment group receives a calendar designed to set savings goals and to make a plan to reach this goal. The control group is given a plain calendar. We find no average effect on savings, but show that present-biased individuals save more when given the calendar. Further examinations indicate that present-biased individuals are more likely to use the calendar, suggesting that, in line with theory, present-biased individuals have a demand.
Physical Description:	1 Online-Ressource (circa 37 Seiten)