Purpose: Driven by a desire to improve the financial well-being of lower-income households, financial capability interventions are gaining attention in practice and public policy. IDAs are a financial capability intervention designed to build family assets through incentivized savings. Method: This systematic review focuses on financial capability interventions that provide Individual Development Accounts (IDAs), a restricted-used savings account paired with financial education. Eligible studies included financial education and a matched saving account to be used for a financial asset purchase. Results: Three large research projects with multiple studies and one additional unique study published through May 2020 were eligible for study inclusion. Results suggest that, thus far, there is mixed evidence on IDAs effects on financial behaviors or financial outcomes. Conclusion: Our review suggests the need for additional studies that use rigorous research designs that investigate the IDAs effects on financial behaviors and outcomes.
Diversity initiatives in the US workplace: A brief history, their intended and unintended consequences
Diversity initiatives are designed to help workers from disadvantaged backgrounds achieve equitable opportunities and outcomes in organizations. However, these programs are often ineffective. To better