The Effect of Providing Peer Information on Retirement Savings Decisions

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