Abstract:Over sixty percent of employees at a large South African financial services company select the minimum rate of 7.5 percent for their monthly retirement contributions-far below the recommended rate of 15 percent. I use a field experiment to investigate whether providing employees with a retirement calculator, which shows projections of retirement income, leads to increases in contributions. The average treatment effect is positive but very small and not statistically different from zero.
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.