A research paper entitled titled "Competition As a Savings Incentive: A Field Experiment at a Homeless Shelter" details at the saving behavior of the working homeless.
The authors of the study believe that incentives and competition can ignite saving interests among the employed homeless. The research paper appears in the November 2013 issue of the peer-reviewed Journal of Economic Behavior and Organization.
Federal Programs Related to - Services for the Homeless
Programs that provide supportive services for individuals and families who are homeless or which work with people who are at risk for homelessness in an effort to prevent them from losing their permanent residence.
Federal Programs Related to - Behavioral Science Programs
Programs that focus on the social sciences, psychology, and biomedical sciences to study complex problems of human individual and social growth and behavior.
Federal Programs Related to - Poverty Studies
Programs that conduct research in the area of social science that involves the systematic study of the origins, causes, demographics and costs of poverty and the efficacy of proposed or implemented poverty alleviation measures.
John Brothers, Principal of Quidoo Consulting, writes about the Montreal-based company Bixi who are mostly known for its Bixi Bikes. Just recently, Bixi filed for bankruptcy protection. The reason? Bixi is in major financial distress and its bikes have proven to be too “expensive to build, operate and maintain”.
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Research Finds Competition Can Spur Homeless to Save More