Work

Details Matter: The Impact of Presentation and Information on the Take-up of Financial Incentives for Retirement Saving

Year: 2009

Type: article

Study designs: Randomized Controlled Trial, Clinical Trial

Abstract: We examine the effects of presentation and information on the take-up of financial subsidies for retirement saving in a large randomized experiment carried out with H&R Block. The subsidies raise take-up and contributions with larger effects when the subsidy is characterized as a matching contribution rather than an equivalent-value tax credit (or cash back), and when filers are informed before the tax season about the subsidy. The results imply that both pure incentives and the presentation of those incentives affect consumer choices. (JEL D14, H24, H31, J26)

Source: American Economic Journal Economic Policy

DOI: 10.1257/pol.1.1.204

Author: Emmanuel Saez

Institution: University of California, Berkeley

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2033454532

FWCI: 26.15

Cites: 29

Cited by: 125

Related to: 10