Complete Description:Based on our review and synthesis of the individual development account (IDA) literature, findings in this this report include that IDA accounts (in the short-term, five years after program entry) help low-income families become homeowners, start or expand a business, or pursue secondary education. Studies to date have found no relationship between IDA program participation and net worth. The report reviews empirical evidence on the effect of IDA program participation and project design features on outcomes and highlights remaining gaps in the literature.
Date Published:Friday, May 01, 2009
Author:Erica H. Zielewski, Caroline Ratcliffe, and Signe-Mary McKernan
Funding Agency: Urban Institute
Type: Report;
Source: Literature review;
Language: English
Audience: Researcher