Beshears, John; Choi, James J.; Laibson, David; … - In: Journal of Economic Behavior & Organization 95 (2013) C, pp. 130-145
The daunting complexity of important financial decisions can lead to procrastination. We evaluate a low-cost intervention that substantially simplifies the retirement savings plan participation decision. Individuals received an opportunity to enroll in a retirement savings plan at a pre-selected...