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reminders may increase saving, and that reminders will be more effective when they increase the salience of a specific … expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …
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reminders may increase saving, and that reminders will be more effective when they increase the salience of a specific … expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …
Persistent link: https://www.econbiz.de/10013139968
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
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