John Glenn College of Public Affairs
The Ohio State University Moulton.firstname.lastname@example.org
Areas of Research Interest: Housing and Consumer Finance Policy, Program Implementation and Evaluation, and Public and Nonprofit Policy and Management More information
The Center for Financial Security (CFS) and the National League of Cities (NLC) produced a webinar featuring research findings and future implications of the newly completed evaluation of Local Interventions for Financial Empowerment through Utility Payments (LIFT-UP) program. Listen to Denise Belser of NLC speak on the program’s background; Bonnie Ashcroft, of Houston’s Department of Public Works and Engineering, discuss the participating city perspective; and researcher Stephanie Moulton present on the findings and implications of the program.
The Center for Financial Security conducted the evaluation of LIFT-UP, with CFS researcher Stephanie Moulton leading the study, which shows that participating cities were better able to collect overdue water utility payments with less reliance on costly debt collection agencies or resorting to shutting off service to customers. At the same time, program participants were able to catch up on overdue bills, make more on-time payments and save money on late fees.
Date: December 3, 2015
Description: Stephanie Moulton, CFS Research Fellow, presented “How House Price Dynamics and Credit Constraints Affect the Equity Extraction of Senior Homeowners”
Low and moderate-income households are less likely to plan for long term financial goals, including retirement, and are less likely to seek out assistance with long term financial planning. Offering behavior-based financial planning interventions that leverage technology at teachable moments may prove to be an efficient and effective strategy to reach this vulnerable population. Stephanie Moulton, Cazilia Loibl, J. Michael Collins, and Anya Savikhin conduct a randomized field experiment to explore this strategy during a teachable stage in the life-cycle: the purchase of a first home.