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Project Citation: 

Somville, Vincent, and Vandewalle, Lore. Replication data for: Saving by Default: Evidence from a Field Experiment in Rural India. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07.

Project Description

Summary:  View help for Summary Access to banks is rapidly increasing worldwide, and allows account-based instead of cash transfers. We conduct a randomized experiment documenting the impact of the payment method on savings behavior. In India, we allocate identical weekly payments into a bank account (treated) or in cash (control). Savings in the account increase by 131 percent within three months, and the effect is long lasting. We also show that cash payments increase consumption and that—once everyone is paid in cash again—the saving patterns no longer differ. We interpret these findings as a default effect, and we further discuss plausible mechanisms.

Scope of Project

JEL Classification:  View help for JEL Classification
      C93 Field Experiments
      D14 Household Saving; Personal Finance
      D90 Micro-Based Behavioral Economics: General
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      O12 Microeconomic Analyses of Economic Development
      O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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