What are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka

Michael Callen, Suresh De Mel, Craig McIntosh and Christopher Woodruff

Working Papers from eSocialSciences

Abstract: When households increase their deposits in formal bank savings accounts, what is the source of the money? High-frequency surveys are combined with an experiment in which a Sri Lankan bank used mobile Point-of-Service (POS) terminals to collect deposits directly from households each week. In this context, the headwaters of formal savings are to be found in sacrificed leisure time: households work more and work more on the wage market when savings options improve. These results suggest that the labour allocation channel is an important mechanism linking savings opportunities to income.

Keywords: income; savings; opportunities; households; leisure time; Sri Lanka; wage market; labour allocation; work; deposits; formal bank; surveys (search for similar items in EconPapers)
Date: 2014-11
Note: Institutional Papers
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Citations: View citations in EconPapers (14)

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Related works:
Journal Article: What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka (2019)
Working Paper: What are the headwaters of formal savings? Experimental evidence from Sri Lanka (2019)
Working Paper: What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka (2016)
Working Paper: What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka (2015)
Working Paper: What are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka (2014)
Working Paper: What are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka (2014)
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