Tag: savings
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…
The brief’s key findings are: Defaults, such as 401(k) auto-enrollment, have encouraged people to adopt behaviors that align with their intentions. Researchers have begun to explore what happens when the default may not align with intentions. A new experiment tested whether defaults could encourage low-income tax filers to invest about 10 percent of their refunds…
