Details Matter: The Impact of Presentation and Information on the Take-up of Financial Incentives for Retirement Saving

Emmanuel Saez

No 6386, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 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.

Keywords: Field experiment; Retirement savings incentives (search for similar items in EconPapers)
JEL-codes: H31 (search for similar items in EconPapers)
Date: 2007-07
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Journal Article: Details Matter: The Impact of Presentation and Information on the Take-Up of Financial Incentives for Retirement Saving (2009)
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