Substantial evidence suggests that savings behavior may depart from neoclassical optimization. This article examines … the implications of raising the savings rate - whether through social security, retirement plans, or otherwise - for labor … savings behavior. Under one formulation, raising the targeted savings rate has the same effect on labor supply as that of …

suggest that the combination of a clear and understandable match for saving, easily accessible savings vehicles, the …

A central justification for social insurance and for other policies aimed at retirement savings is that individuals may … payroll taxes and other withholding to fund retirement savings as akin to an income tax, while largely ignoring the distant …, making savings-promotion policies much more costly than appreciated. Or consider what may be the labor supply implications …

In randomized field experiments, we embedded one- to two-sentence anchoring, goal-setting, or savings threshold cues in … emails to employees about their 401(k) savings plan. We find that anchors increase or decrease 401(k) contribution rates by … up to 1.9% of income. A high savings goal example raises contribution rates by up to 2.2% of income. Highlighting a …

) through both a savings channel and an effective labor supply channel. The effects can be quantitatively large if the …

, consumption, and savings. We find that winning a modest prize ($15,000 per year for twenty years) does not affect labor supply or … earnings substantially. Winning such a prize does not considerably reduce savings. Winning a much larger prize ($80,000 rather … approximately the same amount. Winning $80,000 increases overall savings, although savings in retirement accounts are not …

We study whether savings nudges have the unintended consequence of additional borrowing in high-interest credit. We use …

from randomized-controlled trials with 124,000 savings account holders at five UK depositories. Treated consumers received … dominated their current savings product. Motivated by work on search frictions, switching costs, and inattention, our …