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Study on Nudge Intervention Impact on Saving Behavior of Australia's First Nation People

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  • Yao, Shunxin

Abstract

This paper studies the behavioral economics impact of a nudge intervention on the saving rate of Australia's First Nations people. We use the Difference-in-Difference (DID) method to compare saving behavior before and after intervention, controlling important factors like cultural identity and income. Results show that after the nudge, First Nation people's saving rate significantly increased, indicating the intervention is effective. Heterogeneity analysis further finds that people with stronger cultural identity respond more to the nudge. This research provides a new idea for promoting the financial well-being of indigenous communities. Key words: First Nation People; Nudge intervention; Behavioral Economics; Saving; Cultural identification

Suggested Citation

  • Yao, Shunxin, 2025. "Study on Nudge Intervention Impact on Saving Behavior of Australia's First Nation People," OSF Preprints hp3f8_v1, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:hp3f8_v1
    DOI: 10.31219/osf.io/hp3f8_v1
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    References listed on IDEAS

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    1. Dean Karlan & Margaret McConnell & Sendhil Mullainathan & Jonathan Zinman, 2016. "Getting to the Top of Mind: How Reminders Increase Saving," Management Science, INFORMS, vol. 62(12), pages 3393-3411, December.
    2. Xavier Giné & Dean Karlan & Jonathan Zinman, 2010. "Put Your Money Where Your Butt Is: A Commitment Contract for Smoking Cessation," American Economic Journal: Applied Economics, American Economic Association, vol. 2(4), pages 213-235, October.
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