Showing 1 - 10 of 29,181
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical … tool to encourage savings. …
Persistent link: https://www.econbiz.de/10010282613
adopt them “later”. However, across a large, multi-site field experiment of retirement savings decisions and three pre … and can even be harmful (e.g., reducing savings). We theorize that two opposing mechanisms account for this result. First …
Persistent link: https://www.econbiz.de/10012831442
This paper investigates how loss-aversion affects individuals' decisions on savings and insurance purchase …. Specifically, this paper empirically tests if prospect theory's loss aversion decreases insurance demand and increases savings …-life insurance, which serves as a partial savings instrument. These individuals also hold a higher level of wealth than others …
Persistent link: https://www.econbiz.de/10012962197
Behavioral economics identifies myriad deviations from classical economic assumptions about consumer decision-making, but lacks evidence on how its diverse phenomena fit together and whether they are amenable to modeling as low-dimensional constructs. We pursue such parsimony on three fronts,...
Persistent link: https://www.econbiz.de/10012964027
people believe their overall savings should be. If individuals did have independent preferences, then we should expect less … voluntary contributions without any consideration of how much their overall savings ought to be, or because the compulsory rate … influences the subjective evaluations of savings preferences (effectively anchoring bias) …
Persistent link: https://www.econbiz.de/10013045571
We examine the effects of self-control mechanisms on saving behavior using the 2013 Survey of Consumer Finances (SCF), following the assumptions of research that analyzed the 1998 SCF. Self-control mechanisms include saving goals, foreseeable expenses, and saving rules. We find a positive effect...
Persistent link: https://www.econbiz.de/10012952444
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical … tool to encourage savings …
Persistent link: https://www.econbiz.de/10013110869
though traditional goals, such as retirement savings and precautionary savings, have been at the center of the academic …
Persistent link: https://www.econbiz.de/10013065791
increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer … first experiment finds that self-help peer groups are very potent at increasing savings. In contrast, a more classical … tool to encourage savings. …
Persistent link: https://www.econbiz.de/10009646295
Languages differ widely in the ways they encode time. I test the hypothesis that languages that grammatically associate the future and the present, foster future-oriented behavior. This prediction arises naturally when well-documented effects of language structure are merged with models of...
Persistent link: https://www.econbiz.de/10014178432