Making savers winners
an overview of prize-linked savings products
by Melissa Schettini Kearney
"For over three centuries and throughout the globe, people have enthusiastically bought savings products that incorporate lottery elements. In lieu of paying traditional interest to all investors proportional to their balances, these Prize Linked Savings (PLS) accounts distribute periodic sizeable payments to some investors using a lottery-like drawing where an investor's chances of winning are proportional to one's account balances. This paper describes these products, provides examples of their use, argues for their potential popularity in the United States -especially to low and moderate income non-savers-and discusses the laws and regulations in the United States that largely prohibit their issuance"--National Bureau of Economic Research web site.
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Making savers winners: an overview of prize-linked savings products
2010, National Bureau of Economic Research
Electronic resource
in English
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Making savers winners: an overview of prize-linked savings products
2010, National Bureau of Economic Research
electronic resource :
in English
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Book Details
Edition Notes
Title from PDF file as viewed on 12/30/2010.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| October 17, 2020 | Edited by MARC Bot | import existing book |
| July 22, 2011 | Created by LC Bot | import new book |