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Money Saving By Children: The Effects Of Interest And Instructions, James Thomas Northrop

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In two experiments, groups of children received interest money contingent upon their savings; yoked control subjects received identical interest irrespective of their savings. In the first experiment, interest was paid every 3 days by parents for the average savings of the period. In Experiment II, interest was paid on a daily basis and control subjects received instructions concerning the lack of a relationship between interest and their savings.

In both experiments savings and magnitude of expenditures increased systematically across the research phases for contingent and non-contingent interest subjects alike. Neither interest nor subject wealth was found to relate to subject …