Olga Fuentes, J. Lafortune, Julio Riutort, José Tessada, Félix Villatoro
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引用次数: 13
Abstract
We randomly offer to workers in Chile personalized versus generalized information about their pension savings and forecasted pension income. Personalized information increased the probability and amounts of voluntary contributions after one year without crowding-out other forms of savings. Personalization appears to be very important: individuals who overestimated their pension at the time of the intervention saved more. Thus, a person’s inability to understand how the pension system affects them may partially explain low pension savings. Despite the significant response to the intervention, its temporary nature and size suggest that information should be combined with other elements to increase its efficiency.
期刊介绍：
Economic Development and Cultural Change (EDCC) is an economic journal publishing studies that use modern theoretical and empirical approaches to examine both the determinants and the effects of various dimensions of economic development and cultural change. EDCC’s focus is on empirical papers with analytic underpinnings, concentrating on micro-level evidence, that use appropriate data to test theoretical models and explore policy impacts related to a broad range of topics relevant to economic development.
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