Research Report Evaluation Design for the Next Phase Evaluation of the Assets for Independence Program, Final Literature Review
Erica H. Zielewski, Caroline Ratcliffe, Signe-Mary McKernan, Additional Authors
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Based on our review and synthesis of the individual development account (IDA) literature, findings in this report include that IDA accounts (in the short-term, five years after program entry) help low-income families become homeowners, start or expand a business, or pursue secondary education. Studies to date have found no relationship between IDA program participation and net worth. The report reviews empirical evidence on the effect of IDA program participation and project design features on outcomes and highlights remaining gaps in the literature.

Research Areas Education Wealth and financial well-being Social safety net Housing
Tags Federal housing programs and policies Low-Income Home Energy Assistance Program (LIHEAP) Asset and debts Welfare and safety net programs
Policy Centers Center on Labor, Human Services, and Population