Pay Me Later: Savings Constraints and the Demand for Deferred Payments
研究了一个允许工人将部分工资延期三个月领取的零息储蓄计划，发现该计划显著增加了储蓄和后续的大额消费，并带来住房改善，其受欢迎程度反映了缺乏好的替代储蓄选项，且部分需求源于自我控制问题。
We study a simple savings scheme that allows workers to defer receipt of part of their wages for three months at zero interest. The scheme significantly increases savings during the deferral period, leading to higher postdisbursement spending on lumpy goods. Two years later, after two additional rounds of the savings scheme, we find that treated workers have made permanent improvements to their homes. The popularity of the scheme implies a lack of good alternative savings options. The results of a follow-up experiment suggest that demand for the scheme is partly due to its ability to address self-control issues.