Tag: Nudges
New experiment finds progress more elusive than expected. Our recent study about debt holdings of older Americans focused our attention on how credit card debt could get people in trouble. We, like other observers, bemoaned people’s tendency to pay the minimum required amount, and, like other observers, blamed these minimum payments on the prominence of…
The brief’s key findings are: To encourage retirement saving, policymakers use two types of tools: tax subsidies and automatic contributions. Both tools are effective at increasing retirement saving, but such increases could simply be offset by a reduction in a household’s non-retirement saving. A recent study, using Danish data, addresses this issue: A revision in…
