Publication Date

7-1-2004

Summary

Development depends on saving. But what exactly is saving, and how is it measured? This paper defines saving and describes several measures of financial savings in the context of Individual Development Accounts, a new policy idea that provides matches for poor people who save for home purchase, post-secondary education, and microenterprise. The proposed measures of savings take into account the passage of time and the three stages of saving: putting in (depositing), keeping in (maintaining a balance), and taking out (withdrawing). Together, the measures help describe how people move financial resources through time.

Document Type

Working Paper

Category

Financial Inclusion

Subarea

Asset Building

Original Citation

Schreiner, M. (2004). Measuring saving (CSD Working Paper No. 04-08). St. Louis, MO: Washington University, Center for Social Development.

DOI:

https://doi.org/10.7936/K7KD1XF1

Project

American Dream Policy Demonstration (ADD)

Keywords

IDA, individual development account, savings, measurement, ADD, American Dream Demonstration

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