Saving incentives for low- And middle-income families: Evidence from a field experiment with H&R block

Quarterly Journal of Economics

Volumn 121, Issue 4, 2006, Pages 1311-1346

  Duflo, Esther ^a   Gale, William ^a   Liebman, Jeffrey ^a   Orszag, Peter ^a   Saez, Emmanuel ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33845361635     PISSN: 00335533     EISSN: 15314650     Source Type: Journal    
DOI: 10.1162/qjec.121.4.1311     Document Type: Article

References (26)

1. Bernheim, B. Douglas, "Taxation and Saving," in Alan Auerbach and Martin Feldstein, eds., Handbook of Public Economics, Vol. 3 (Amsterdam: North-Holland, 2003), pp. 1173-1249.
2. Bertrand, Marianne, Dean Karlan, Sendhil Mullainathan, Eldar Shafir, and Jonathan Zinman, "What's Psychology Worth? A Field Experiment in the Consumer Credit Market," NBER Working Paper No. 11892, December 2005.
3. Beverly, Sondra, Daniel Schneider, and Peter Tufano, "Splitting Tax Refunds and Building Savings: An Empirical Test," Working Paper, Harvard Business School, 2005.
4. Boshara, Ray, "Individual Development Accounts: Policies to Build Savings and Assets for the Poor," Brookings Institution Policy Brief: Welfare Reform and Beyond No. 32, March 2005.
5. Burman, Leonard E., William G. Gale, Matthew Hall, and Peter R. Orszag, "Distributional Effects of Defined Contribution Plans and Individual Retirement Arrangements," National Tax Journal, LVII (2004), 671-701.
6. Choi, James J., David Laibson, and Brigitte C. Madrian, "Plan Design and 401(k) Saving Outcomes," NBER Working Paper No. 10486, May 2004.
7. Choi, James J., David Laibson, and Brigitte C. Madrian, "$100 Bills on the Sidewalk: Suboptimal Saving in 401(k) Plans," NBER Working Paper No. 11554, August 2005.
8. Dufio, Esther, William Gale, Jeffrey Liebman, Peter Orszag, and Emmanuel Saez, "Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block," NBER Working Paper No. 11680, October 2005.
9. Dufio, Esther, and Emmanuel Saez, "The Role of Information and Social Interactions in Retirement Plan Decisions: Evidence from a Randomized Experiment," Quarterly Journal of Economics, CXVIII (2003), 815-842.
10. Engelhardt, Gary V., and Anil Kumar, "Employer Matching and 401(k) Saving: Evidence from the Health and Retirement Study," Center for Retirement Research Working Paper 2004-18, Boston College, 2004.
11. Engen, Eric M., William G. Gale, and John Karl Scholz, "The Illusory Effects of Saving Incentives on Saving," Journal of Economic Perspectives, X (1996), 113-138.
12. Even, William E., and David A. MacPherson, "The Effects of Employer Matching in 401(k) Plans," Industrial Relations, XLIV (2005), 525-549.
13. Gale, William G., J. Mark Iwry, and Peter R. Orszag, "The Saver's Credit: Expanding Retirement Savings for Middle-and Lower-Income Americans," Retirement Security Project Policy Brief No. 2005-2, 2005.
14. General Accounting Office, "401(k) Pension Plans: Loan Provisions Enhance Participation But May Affect Income Security for Some," GAO/HEHS-98-5, 1997.
15. Glaeser, Edward L., "Paternalism and Psychology," NBER Working Paper No. 11789, 2005.
16. Huberman, Gur, Sheena S. Iyengar, and Wei Jiang, "Defined Contribution Pension Plans: Determinants of Participation and Contribution Rates," Columbia Business School, 2004.
17. Koenig, Gary, and Robert Harvey, "Utilization of the Saver's Credit: An Analysis of the First Year," Joint Committee on Taxation, 2005.
18. Kusko, Andrea, James M. Poterba, and David W. Wilcox, "Employee Decisions with Respect to 401(k) Plans: Evidence from Individual-Level Data," in Olivia Mitchell and Sylvester Schaefer, eds., Living with Defined Contribution Pensions: Remaking Responsibility for Retirement (Philadelphia, PA: University of Pennsylvania Press, 1998).
19. Liebman, Jeffrey, and Richard Zeckhauser, "Schmeduling," Harvard University, 2004.
20. Madrian, Brigitte, and Dennis F. Shea, "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior," Quarterly Journal of Economics, CXVI (2001), 1149-1187.
21. Mills, Gregory, William G. Gale, and Rhiannon Patterson, "Effects of Individual Development Accounts on Household Saving Behavior: Evidence from a Controlled Experiment," Abt Associates and the Breakings Institution, 2005.
22. Papke, Leslie E., "Participation in and Contributions to 401k Pension Plans: Evidence from Plan Data," Journal of Human Resources, XXX (1995), 311-325.
23. Papke, Leslie E., and James M. Poterba, "Survey Evidence on Employer Match Rates and Employee Saving Behavior in 401(k) Plans," Economics Letters, XLIX (1995), 313-317.
24. Poterba, James M., Steven F. Venti, and David A. Wise, "How Retirement Saving Programs Increase Saving," Journal of Economic Perspectives, X (1996), 91-112.
25. Sherraden, Michael, Assets and the Poor: A New American Welfare Policy (Armonk, NY: M.E. Sharpe, Inc, 1991).
26. Thaler, Richard, and Shlomo Benartzi, "Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving," Journal of Political Economy, CXII (2004), S164-S187.