In 2010, the Korean government introduced the Hope Growing Account (Hope) program. The Hope program combines elements of a social assistance scheme (monthly income grants) with matched funds for savings to encourage the working poor to increase income and build assets. This longitudinal study estimated changes in household economic well-being among 895 low-income households who participated in Hope between 2010 and 2012. Economic well-being was measured by changes in household monthly income and income-to-needs ratio. The adjusted difference-in-differences estimation revealed that the impact of Hope varied over household income distributions: lower income households were more likely to increase their monthly earned income and income-to-needs ratio compared to demographically similar non-participants, while higher income households were less likely to increase their income and income-to-needs ratio. We describe how future research is needed to better understand how the Hope program impacts household assets and behavioral changes in the long run.

中文翻译：

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希望增长账户计划对韩国参与者经济福祉的影响

2010年，韩国政府推出了希望成长账户（Hope）计划。希望计划将社会援助计划的要素（每月收入补助）与配套的储蓄资金相结合，以鼓励在职穷人增加收入和建立资产。这项纵向研究估计了 2010 年至 2012 年间参与希望的 895 个低收入家庭的家庭经济福利变化。经济福利是通过家庭月收入和收入需求比的变化来衡量的。调整后的差异估计显示，Hope 对家庭收入分配的影响各不相同：与人口统计学相似的非参与者相比，低收入家庭更有可能增加其月收入和收入需求比，而高收入家庭不太可能增加他们的收入和收入与需求的比率。我们描述了如何需要未来的研究来更好地了解希望计划如何从长远来看影响家庭资产和行为变化。