Dina Pomeranz of the Harvard Business School will come to CGD next Wednesday (April 18) for a brownbag lunch presentation of the latest randomized study of the impact of microsavings. The preliminary results are encouraging: savings accounts do indeed appear to help people "smooth consumption," i.e., manage the financial vicissitudes of life.
I would have blogged this paper already but it is marked "do not cite." The last sentences of the public draft make clear that the authors are still refining their results.
But probably after serving as a discussant at the event, I'll turn my comments into a post.
Hope to see you there.