Personalized Digital Information and Tax-favoured Retirement Savings: Quasi-experimental Evidence from Administrative Data
Open access
Date
2020-11Type
- Working Paper
ETH Bibliography
yes
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Abstract
This paper studies the impact of making personalized digital information available through a pension app on contributions to tax-favored retirement accounts. Using Swiss administrative pension fund data, we document limited take-up of fiscal incentives for retirement savings. Exploiting the staggered introduction of the pension app across occupational pension funds, we show that its availability increases individual tax-favored contributions. Men and higher-income earners are more likely to access the digital environment and respond to its introduction. These findings suggest that providing access to a pension app reduces information and transaction costs and facilitates the take-up of financial incentives for retirement saving. Show more
Permanent link
https://doi.org/10.3929/ethz-b-000452405Publication status
publishedJournal / series
Economics Working Paper SeriesVolume
Publisher
CER-ETH - Center of Economic Research at ETH ZurichSubject
Defined contribution plans; Fiscal incentives; Pension app; SavingsOrganisational unit
03877 - Bommier, Antoine / Bommier, Antoine
03539 - Filippini, Massimo / Filippini, Massimo
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ETH Bibliography
yes
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