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Following Through on Good Intentions: The Power of Planning Prompts
Laibson, David; Madrian, Brigitte C.; Milkman, Katherine L. - National Bureau of Economic Research (NBER) - 2012
We study whether prompts to form and recall a plan can increase individuals' responsiveness to reminders to make and attend beneficial appointments. At four companies, all employees due for a colonoscopy were randomly assigned to receive either a control mailing or a treatment mailing. The...
Persistent link: https://www.econbiz.de/10011227922
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The Effect of Providing Peer Information on Retirement Savings Decisions
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2011
on savings. Low-saving employees received simplified plan enrollment or contribution increase forms. A randomized subset …>decreased</i> the savings of non-participants who were ineligible for 401(k) automatic enrollment, and higher observed peer savings … rates also decreased savings. Discouragement from upward social comparisons seems to drive this reaction. …
Persistent link: https://www.econbiz.de/10009277262
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The Regulation of Consumer Financial Products: An Introductory Essay with Four Case Studies
Campbell, John Y.; Jackson, Howell E.; Madrian, Brigitte C. - Kennedy School of Government, Harvard University - 2010
framework, we present case studies on retirement savings, residential mortgages, payday lending, and mutual funds. We conclude …
Persistent link: https://www.econbiz.de/10010838939
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The Availability and Utilization of 401(k) Loans
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2011
We document the loan provisions in 401(k) savings plans and how participants use 401(k) loans. Although only about 22 …% of savings plan participants who are allowed to borrow from their 401(k) have such a loan at any given point in time …
Persistent link: https://www.econbiz.de/10009652815
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Who Uses the Roth 401(k), and How Do They Use It?
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2013
Using administrative data from twelve companies that added a Roth 401(k) option between 2006 and 2010, we describe the characteristics of Roth contributions. Approximately one year after the Roth is introduced, 9% of 401(k) participants have positive Roth balances. Roth participation is more...
Persistent link: https://www.econbiz.de/10010969318
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Matching Contributions and Savings Outcomes: A Behavioral Economics Perspective
Madrian, Brigitte C. - National Bureau of Economic Research (NBER) - 2012
Including a matching contribution increases savings plan participation and contributions, although the impact is less … on savings plan contributions. In contrast, the match threshold has a substantial impact, probably because it serves as a … natural reference point when individuals are deciding how much to save and may be viewed as advice from the savings program …
Persistent link: https://www.econbiz.de/10010951346
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Financial Literacy, Financial Education, and Economic Outcomes
Hastings, Justine S.; Madrian, Brigitte C.; Skimmyhorn, … - In: Annual Review of Economics 5 (2013) 1, pp. 347-373
In this article, we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature and examine how well the existing literature addresses whether financial education improves financial...
Persistent link: https://www.econbiz.de/10010822972
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Financial Literacy, Financial Education and Economic Outcomes
Madrian, Brigitte C.; Hastings, Justine S.; Skimmyhorn, … - National Bureau of Economic Research (NBER) - 2012
In this article we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature, and examine how well the existing literature addresses whether financial education improves financial...
Persistent link: https://www.econbiz.de/10010785601
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Early Decisions: A Regulatory Framework
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2006
We describe a regulatory framework that helps consumers who have difficulty sticking to their own long-run plans. Early Decision regulations help long-run preferences prevail by allowing consumers to partially commit to their long-run goals, making it harder for a momentary impulse to reverse...
Persistent link: https://www.econbiz.de/10005004688
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The Impact of Employer Matching on Savings Plan Participation under Automatic Enrollment
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2007
Existing research has documented the large impact that automatic enrollment has on savings plan participation. All the …
Persistent link: https://www.econbiz.de/10005580368