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Details Matter: The Impact of Presentation and Information on the Take-up of Financial Incentives for Retirement Saving Author info | Abstract | Publisher info | Download info | Related research | Statistics Saez, Emmanuel
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.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
6386.
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Date of creation: Jul 2007Date of revision:
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Keywords: Field experiment ; Retirement Savings incentives ; Other versions of this item:
Find related papers by JEL classification: H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2002.
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Esther Duflo & William Gale & Jeffrey Liebman & Peter Orszag & Emmanuel Saez, 2005.
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Duflo, Esther & Gale, William & Liebman, Jeff & Orszag, Peter & Saez, Emmanuel, 2005.
"Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block ,"
CEPR Discussion Papers
5332, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Esther Duflo & William Gale & Jeffrey Liebman & Peter Orszag & Emmanuel Saez, 2005.
"Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block ,"
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"Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block ,"
The Quarterly Journal of Economics ,
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"What's Psychology Worth? A Field Experiment in the Consumer Credit Market ,"
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918, Economic Growth Center, Yale University.
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Other versions: Duflo, Esther & Saez, Emmanuel, 2002.
"Participation and investment decisions in a retirement plan: the influence of colleagues' choices ,"
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"Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance ,"
NBER Working Papers
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James J. Choi & David Laibson & Brigitte C. Madrian, 2004.
"Plan Design and 401(k) Savings Outcomes ,"
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