Individual Development Accounts and Homeownership among Low-income Adults with Disabilities: Evidence from a Randomized Experiment

Individual Development Accounts and Homeownership among Low-income Adults with Disabilities: Evidence from a Randomized Experiment

We examined the long-term effects of Individual Development Accounts (IDAs), savings accounts that match funds deposited by participants for qualified purposes, on homeownership rates among study participants with disabilities in a randomized experiment. Results from a 10-year follow-up of the IDAs...

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Bibliographische Detailangaben
Veröffentlicht in:Journal of Applied Social Science. in. - SAGE Publications. - 10(2016), 1, Seite 55-66
1. Verfasser: Huang, Jin (VerfasserIn)
Weitere Verfasser: Lombe, Margaret, Putnam, Michelle, Grinstein-Weiss, Michal, Sherraden, Michael
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2016
Zugriff auf das übergeordnete Werk:Journal of Applied Social Science. in
Schlagworte:Health sciences Law Economics Social sciences Behavioral sciences
Beschreibung
Zusammenfassung:We examined the long-term effects of Individual Development Accounts (IDAs), savings accounts that match funds deposited by participants for qualified purposes, on homeownership rates among study participants with disabilities in a randomized experiment. Results from a 10-year follow-up of the IDAs indicate that rates of homeownership were nearly 10 percentage points higher for treatment participants with disabilities than for control-group members with disabilities (p < .10). The impacts of IDAs seem to vary with the baseline socioeconomic characteristics of participants—particularly with homeownership, bank account ownership, and public housing assistance. W e conclude by discussing policy implications of using asset-building programs to support people with disabilities.
ISSN:19370245