Browsing HBS Scholarly Articles by Author "Kast, Felipe"

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Saving More to Borrow Less: Experimental Evidence from Access to Formal Savings Accounts in Chile

Kast, Felipe; Pomeranz, Dina Deborah (2014-01-13)

Poverty is often characterized not only by low and unstable income, but also by heavy debt burdens. We find that the inability to save contributes to this indebtedness. Access to free savings accounts substantially decreases ...
Under-Savers Anonymous: Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device

Kast, Felipe; Meier, Stephan; Pomeranz, Dina Deborah (2012)

We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two randomized field experiments among 2,687 Chilean micro-entrepreneurs. The first experiment finds that self-help ...