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December 8, 2025Information Systems Research

Working Daily, Paid Monthly? Effects of On-Demand Wage Access on the Financial Engagement of Low-Wage Workers

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Authors

SCSunghun ChungWOWonseok Oh

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Overview

Analysis reveals on-demand wage access enhances financial engagement and goal-setting in low-wage workers, indicating a shift in behavioral change.

Key Points

  • This research aims to explore the effects of on-demand wage access on the financial engagement of low-wage workers.
  • Analyzed transaction data from approximately 4,000 users of a U.S.-based OWA platform
  • Employed a difference-in-differences approach with staggered adoption
  • Supplemented data with an online experiment, a user survey, and semi-structured interviews
  • OWA adoption increases monthly saving frequency by 3.7%
  • Time spent monitoring financial dashboards increases by 12.9%
  • Goal-setting activity rises by 1.3%
  • Effects stronger in areas with lower minimum wages or limited banking access
  • Self-empowerment was identified as a key mechanism for financial management improvement.

Cite This Study

Chung et al. (2025) studied this question.

synapsesocial.com/papers/693624ce4fa91c937236cd5ehttps://doi.org/10.1287/isre.2023.0673
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Enhancing The Financial Well-being of Marginalized Sections of Society: An Instance of Daily Wage Workers Through Digital Financial Inclusion2026
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  3. 3Do Financial Concerns Make Workers Less Productive?2024 · 45 citations
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  5. 5Beyond traditional finance: digital financial, cash management and employment outcomes in emerging economies2026