Authors:

  • John BeShears
  • David Laibson

Excerpt

The Effect of Providing Peer Information on Retirement Savings Decisions. John BeShears, David Laibson, Brigitte C. Madrian, November 14, 2013, Paper. "Information about peer behavior can influence a person’s choices. We conducted a field experiment in a 401(k) plan to measure the effect of peer information on savings choices. Low-saving employees were sent a simplified plan enrollment or contribution increase form. A randomized subset of forms included information about the fraction of age-matched..." Link