Research Report Ten-Year Impacts of Individual Development Accounts on Homeownership: Evidence from a Randomized Experiment
William G. Gale, Michael Grinstein-Weiss, Clinton Key, William M. Rohe, Mark Schreiner, Michael Sherraden
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This paper presents evidence from a randomized field experiment to evaluate the longterm impact of an incentive for household saving. We examine the effect on homeownership of an Individual Development Account (IDA) program which ran from 1998 to 2003 in Tulsa, Oklahoma. The IDA program provided low-income households with financial education and matching funds for qualified savings withdrawals, including a 2:1 match for housing down payments. Excerpt of abstract.
Research Areas Taxes and budgets
Tags Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center