Single Email Prompts Individuals to Increase Retirement Savings

Greg Chojnacki, Samia Amin, Irma Perez-Johnson, Matthew Darling, Aravind Moorthy and Jaclyn Lefkowitz

Mathematica Policy Research Reports from Mathematica Policy Research

Abstract: This brief presents initial findings on the effects of an email designed to encourage U.S. Department of Labor (DOL) employees to increase their contributions to the Thrift Savings Plan (TSP)—a plan similar to 401(k) plans in the private sector—and take full advantage of the available employer match.

Keywords: behavioral economics, behavioral science, Department of Labor, Chief Evaluation Officer, human resources, Employee Benefits Security Administration, thrift savings plan, retirement savings, 401(k), retirement plan, nudges, participation nudges, investment; program participation, administrative experiment, rapid-cycle evaluation (search for similar items in EconPapers)
Pages: 6
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