Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Behavioral Economics
Effects Of Covid: Non-Essential V Essential Industries, William Shipley
Effects Of Covid: Non-Essential V Essential Industries, William Shipley
Accounting Undergraduate Honors Theses
As the year 2020 has finally come to an end and the end of Covid is in near sight, it is important for us to look back at how it has shaped the world from an economic perspective. Ever since the closure of most of the U.S. and global economy in March 2020 it has made us deem which companies we consider essential and non-essential. This major decision came as all governments across the world had to close the operations of as many companies they could to limit the spread of the covid-19 virus. This major choice of determining what …
Are Prize-Linked Savings Accounts The Solution To Arkansas' Savings Problem?, Mckenzie Wages
Are Prize-Linked Savings Accounts The Solution To Arkansas' Savings Problem?, Mckenzie Wages
Accounting Undergraduate Honors Theses
This research finds that access to prize-linked savings could improve the financial security of Arkansans. Prize-linked savings (PLS) accounts are nontraditional savings products that offer depositors the chance to win cash prizes instead of a typical interest rate return. Given the low median incomes, high liquid asset poverty rates, and high levels of underbanked and undereducated individuals in Arkansas, there is a need for an innovative savings solution like PLS in the state. PLS accounts capitalize on individuals’ propensity for lottery-like risk-taking to inspire the productive behavior of personal saving. A wide range of individuals, especially those who could stand …