Endowment Effects and Usage of Financial Products : Field Evidence from Malawi

Endowment Effects and Usage of Financial Products : Field Evidence from Malawi

When offered a choice between two savings accounts, prior account holders are significantly less likely to switch to a cheaper account, compared with new subjects without a prior account. While 49 percent of account holders retained their original,...

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Bibliographic Details
Main Authors: Gine, Xavier, Goldberg, Jessica
Format: Working Paper
Language:English
Published: Washington, DC: World Bank 2018
Subjects:
SAVINGS
ENDOWMENT EFFECT
FIELD EXPERIMENT
SAVINGS ACCOUNTS
Online Access:http://documents.worldbank.org/curated/en/815821536173881140/Endowment-Effects-and-Usage-of-Financial-Products-Field-Evidence-from-Malawi
http://hdl.handle.net/10986/30421

Internet

http://documents.worldbank.org/curated/en/815821536173881140/Endowment-Effects-and-Usage-of-Financial-Products-Field-Evidence-from-Malawi
http://hdl.handle.net/10986/30421

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