Seminário NOVAFRICA:
“When Defaults Matter: Behavioral Economics and The Use of Savings Accounts in Malawi”

Na quarta-feira, 23 de novembro, pelas 14h30, o Centro NOVAFRICA recebe Jessica Goldberg da Universidade de Maryland para apresentar o seu trabalho.

Jessica Goldberg (University of Maryland)

We assess the propensity of owners of a savings account to switch to another, cheaper account, once fees are introduced to their hitherto free account, compared to that of a sample of new clients presented with the choice of opening one of the two accounts. We find strong evidence of an endowment effect. While 42 percent of account holders retained their original, expensive accounts, none of the new clients chose the expensive accounts. We exploit previous experimental variation in account usage and find that account holders that used their account more frequently are more likely to switch, suggesting that individuals familiar with the account exhibit behavior that is more consistent with neoclassical theory.

Por favor encontre aqui mais informações sobre este seminário.