Increasing Retirement Savings through Access Points and Persuasive Messages: Evidence from Mexico

Mariano Bosch and Adrian Rubli

Journal of Human Resources, 2023, vol. 58, issue 5, 1752-1781

Abstract: We study transaction costs for making deposits within the privatized pension system in Mexico. We analyze an expansion of access channels for additional (voluntary) contributions at 7-Eleven stores, followed by a media campaign providing information on this policy and persuasive messages to save. We estimate a differential 6–9 percent increase in the volume of transactions post-policy in municipalities with 7-Eleven relative to those without. However, due to smaller deposits compared to pre-policy sizes, we find modest effects on the flow of savings. Contribution size was not just smaller for marginal savers, but also decreased significantly for some inframarginal savers.

JEL-codes: D14 D83 G23 (search for similar items in EconPapers)
Date: 2023
Note: DOI: https://doi.org/10.3368/jhr.58.5.0220-10750R2
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Working Paper: Increasing Retirement Savings through Access Points and Persuasive Messages: Evidence from Mexico (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:58:y:2023:i:5:p:1752-1781

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