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Full-Text Articles in Education Policy
Pinching Pennies Or Money To Burn? The Role Of Grit In Financial Behaviors, Jason Jabbari, Joshua Jackson, Stephen Roll, Michal Grinstein-Weiss
Pinching Pennies Or Money To Burn? The Role Of Grit In Financial Behaviors, Jason Jabbari, Joshua Jackson, Stephen Roll, Michal Grinstein-Weiss
Social Policy Institute Research
We explore whether gritty individuals are better savers by virtue of their wealth or due to diligent choices that benefit their long-term economic health. We test these competing hypotheses by examining the ways in which grit influences how LMI tax filers report spending or saving their tax refund in the months following tax filing. We leverage a novel dataset combining longitudinal household financial survey data with administrative tax data for a sample of 6,904 low- and moderate-income tax filers. After balancing individuals on grit with propensity score weighting and machine learning, we find that grit was associated with better financial …
“Take My Word For It”: Group Texts And Testimonials Enhance State And Federal Student Aid Applications', Jason Jabbari, Stephen Roll, Sam Bufe, Jessica Mckay
“Take My Word For It”: Group Texts And Testimonials Enhance State And Federal Student Aid Applications', Jason Jabbari, Stephen Roll, Sam Bufe, Jessica Mckay
Social Policy Institute Research
"As the cost of college continues to rise, it has become increasingly important for students to apply for financial aid. However, many students are unaware of the benefits of FAFSA. We launched a field experiment with a non-profit organization to explore the impact of text message interventions on FAFSA application rates. 2,236 potential students were randomized into three groups: a control group that focused on reminders for upcoming deadlines, a treatment group that focused on benefits-framed messaging, and a second treatment group that added social proofing and norming. Each group received 8 text messages from late September 2020 to early …
Timely And Well-Targeted Financial Assistance During Covid-19, Mathieu Despard, Selina Miller, Katie Kristensen
Timely And Well-Targeted Financial Assistance During Covid-19, Mathieu Despard, Selina Miller, Katie Kristensen
Social Policy Institute Research
The Social Policy Institute (SPI) at Washington University in St. Louis partnered with PerkUp Financial Health LLC, a financial services technology company, to study an emergency financial assistance program offered to employees of three hotels in New Orleans, LA who have been affected by the COVID-19 pandemic. PerkUp serves as a technology hub for a collaboration of non-profit partners that deliver financial support services and innovative products to employees of participating companies. The array of financial health services available through the PerkUp platform provides a financial safety net for the most financially vulnerable employees.
Does Frequency Or Amount Matter? Testing The Perceptions Of Four Universal Basic Income Proposals, Leah Hamilton, Mathieu Despard, Stephen Roll, Dylan Bellisle, Christian A. Hall, Allison Wright
Does Frequency Or Amount Matter? Testing The Perceptions Of Four Universal Basic Income Proposals, Leah Hamilton, Mathieu Despard, Stephen Roll, Dylan Bellisle, Christian A. Hall, Allison Wright
Social Policy Institute Research
The concept of universal basic income (UBI) first gained traction in the United States in the 1960s Civil Rights Movement and again recently due to the 2008 recession and COVID-19 pandemic. Still, the idea lags in popularity in comparison to existing cash transfer policies like the Earned Income Tax Credit and COVID relief packages. We hypothesize that this disparity is related to predicted uses of a UBI in comparison annual or lump sum cash programs. In this survey of 837 American Amazon MTurk workers, we explore whether predicted behavioral responses to four randomly assigned hypothetical cash transfer scenarios vary across …