TitleSaving incentives for low and middle income families : evidence from a field experiment with H&R Block

Category Documents & Reports

Author(s) Duflo, Esther; Gale William; Liebman, Jeffrey; Orszag, Peter; Saez, Emmanuel

Publisher Name The Retirement Security Project

Publication Date May 2005

Abstract This paper analyzes the effects of a large randomized field experiment, carried out with H&R Block, offering matching incentives for IRA contributions at the time of tax preparation. The results suggest that the combination of a clear and understandable match for saving, easily accessible savings vehicles, the opportunity to use part of an income tax refund to save, and professional assistance could generate a significant increase in retirement saving participation and contributions, even among moderate- and low-income households.

Where to Find this Item

Direct URL http://www.retirementsecurityproject.org/pubs/File/H&RBlock.pdf

IOA Library Location Electronic access only

Subjects:

Taxes
Older Adults
Retirement Planning
Savings
Aging

More About this Item

Other Title

Series name

Extent of Work36 p.

Place of Publication Washington, DC

Edition

Volume ID

Report ID: 2005-5

Frequency of Publication

Notes

This record last modified: 8/26/2008