Study on Nudge Intervention Impact on Saving Behavior of Australia's First Nation People

Shunxin Yao

No hp3f8_v1, OSF Preprints from Center for Open Science

Abstract: This paper studies the behavioral economics impact of a nudge intervention on the saving rate of Australia's First Nations people. We use the Difference-in-Difference (DID) method to compare saving behavior before and after intervention, controlling important factors like cultural identity and income. Results show that after the nudge, First Nation people's saving rate significantly increased, indicating the intervention is effective. Heterogeneity analysis further finds that people with stronger cultural identity respond more to the nudge. This research provides a new idea for promoting the financial well-being of indigenous communities. Key words: First Nation People; Nudge intervention; Behavioral Economics; Saving; Cultural identification

Date: 2025-04-30
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:hp3f8_v1

DOI: 10.31219/osf.io/hp3f8_v1

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