Publication Date
7-9-2009
Summary
Individual Development Accounts (IDAs) are matched savings accounts that encourage asset development for individuals and families with low incomes. Unique program data from an IDA program serving 758 Native Hawaiians were used to model the probability of participating in and graduating from the IDA program. Multivariate logistic regression models show that children in the household, lack of vehicle ownership, and savings goal (education) were associated with a reduced likelihood of program participation. Participants who owned homes and had relatively high savings balances prior to starting the program were more likely to graduate. Additionally, Maui participants were more than three times as likely as O‘ahu participants to make a matched withdrawal. Recommendations for IDA policies and future research are discussed.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Asset Building
Original Citation
Rothwell, D. (2009). Asset building among Native Hawaiians: Lessons from the Kahikū IDA program (CSD Working Paper No. 09-26). St. Louis, MO: Washington University, Center for Social Development.
Keywords
assets, IDA, policy
Recommended Citation
Rothwell, D. (2009). Asset building among Native Hawaiians: Lessons from the Kahikū IDA program (CSD Working Paper No. 09-26). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7N87999