AEA RCT Registry

Field	Before	After
Last Published	March 10, 2021 02:44 AM	October 18, 2023 12:00 PM
Study Withdrawn		No
Intervention Completion Date		May 31, 2017
Data Collection Complete		Yes
Final Sample Size: Number of Clusters (Unit of Randomization)		870 workers
Was attrition correlated with treatment status?		No
Final Sample Size: Total Number of Observations		870 workers
Final Sample Size (or Number of Clusters) by Treatment Arms		432 workers control, 438 workers treatment
Public Data URL		https://doi.org/10.3886/E130367V1
Is there a restricted access data set available on request?		No
Program Files		Yes
Program Files URL		https://doi.org/10.3886/E130367V1
Data Collection Completion Date		April 30, 2019
Is data available for public use?		Yes
Keyword(s)	Finance, Labor	Finance, Labor

Field	Before	After
Paper Abstract		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 postdisbursement spending on lumpy goods. Two years later, after two additional rounds of the savings scheme, we find that treated workers have made permanent improvements to their homes. The popularity of the scheme implies a lack of good alternative savings options. The results of a follow-up experiment suggest that demand for the scheme is partly due to its ability to address self-control issues.
Paper Citation		Brune, L., Chyn, E., & Kerwin, J. (2021). Pay Me Later: Savings Constraints and the Demand for Deferred Payments. American Economic Review, 111(7), 2179–2212. https://doi.org/10.1257/aer.20191657
Paper URL		https://www.aeaweb.org/articles?id=10.1257/aer.20191657

Fields Changed