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Making Savers Winners: An Overview of Prize-Linked Saving Products

Melissa S. Kearney, Peter Tufano, Jonathan Guryan, and Erik Hurst

in Financial Literacy: Implications for Retirement Security and the Financial Marketplace

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199696819
eISBN:
9780191732089
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199696819.003.0012
Subject:
Business and Management, Pensions and Pension Management, Finance, Accounting, and Banking

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 ... More


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