Simplification and Saving

DSpace/Manakin Repository

Simplification and Saving

Citable link to this page

. . . . . .

Title: Simplification and Saving
Author: Beshears, John; Choi, James J.; Laibson, David I.; Madrian, Brigitte C.

Note: Order does not necessarily reflect citation order of authors.

Citation: Beshears, John, James J. Choi, David I. Laibson, and Brigitte C. Madrian. Forthcoming. Simplification and saving. Journal of Economic Behavior and Organization.
Full Text & Related Files:
Abstract: The daunting complexity of important financial decisions can lead to procrastination. We evaluate a low-cost intervention that substantially simplifies the retirement savings plan participation decision. Individuals received an opportunity to enroll in a retirement savings plan at a pre-selected contribution rate and asset allocation, allowing them to collapse a multidimensional problem into a binary choice between the status quo and the pre-selected alternative. The intervention increases plan enrollment rates by 10–20 percentage points. We find that a similar intervention can be used to increase contribution rates among employees who are already participating in a savings plan.
Published Version: doi:10.1016/j.jebo.2012.03.007
Other Sources: http://www.nber.org/papers/w12659
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#OAP
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:9925399

Show full Dublin Core record

This item appears in the following Collection(s)

  • FAS Scholarly Articles [6466]
    Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
 
 

Search DASH


Advanced Search
 
 

Submitters