Personalized Digital Information and Tax-favoured Retirement Savings: Quasi-experimental Evidence from Administrative Data

Claudio Daminato, Massimo Filippini and Fabio Haufler ()
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Claudio Daminato: CER–ETH – Center of Economic Research at ETH Zurich, Switzerland
Fabio Haufler: CER–ETH – Center of Economic Research at ETH Zurich, Switzerland

No 20/347, CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich

Abstract: This paper studies the impact of making personalized digital information available through a pension app on contributions to tax-favored retirement accounts. Using Swiss administrative pension fund data, we document limited take-up of fiscal incentives for retirement savings. Exploiting the staggered introduction of the pension app across occupational pension funds, we show that its availability increases individual tax-favored contributions. Men and higher-income earners are more likely to access the digital environment and respond to its introduction. These findings suggest that providing access to a pension app reduces information and transaction costs and facilitates the take-up of financial incentives for retirement saving.

Keywords: Defined contribution plans; Fiscal incentives; Pension app; Savings (search for similar items in EconPapers)
JEL-codes: D14 G51 H31 H55 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2020-11
New Economics Papers: this item is included in nep-age, nep-eur, nep-ict, nep-lma, nep-pbe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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