Brune, Lasse; Chyn, Eric; Kerwin, Jason - National Bureau of Economic Research - 2021
We study a simple savings scheme that allows workers to defer receipt of part of their wages for three months at zero … interest. The scheme significantly increases savings during the deferral period, leading to higher post-disbursement spending … on lumpy goods. Two years later, after two additional rounds of the savings scheme, we find that treated workers have …