consumers at or below median cognitive abilities barely react when their incentives to spend or borrow change, even if they earn … the incentives to consume, save, and borrow change over time. Cognitive constraints limit the effectiveness of policies …

consumers at or below median cognitive abilities barely react when their incentives to spend or borrow change, even if they earn … the incentives to consume, save, and borrow change over time. Cognitive constraints limit the effectiveness of policies …

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 1.4% of income. A high savings goal example raises contribution rates by up to 2.2% of income. Highlighting a …

determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors … like present-period tax avoidance, while optimal consumption and after-tax savings are identical for both treatments. Our … results show that observed savings are suboptimal in both treatments and are influenced by gender, patience, and risk aversion …

A large fraction of households have very little savings buffer and are therefore vulnerable to financial shocks. This … link to a personal web page where they can start or adjust an automatic savings plan. However, analyzing detailed bank data …, we find no treatment effect on actual savings, neither in the short run nor in the long run. Our null findings are quite …

whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is …

Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase savings among these at …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …