Personalized Information as a Tool to Improve Pension Savings: Results from a Randomized Control Trial in Chile

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dc.catalogadorgrr
dc.contributor.authorFuentes, Olga
dc.contributor.authorLafortune, Jeanne
dc.contributor.authorRiutort, Julio
dc.contributor.authorTessada Pinto, José Antonio
dc.contributor.authorVillatoro, Felix
dc.date.accessioned2024-01-17T19:55:08Z
dc.date.available2024-01-17T19:55:08Z
dc.date.issued2024
dc.description.abstractForecasting of the outcome of saving for retirement is challenging, particularly for individuals who have limited financial literacy. We explore how reducing that barrier by offering personalized information affects long-term savings. To this end, we randomly offered personalized information or general information within the context of individual retirement accounts in Chile. Personalized information increased voluntary pension savings. Heterogeneity analysis suggests that the updating of priors by information recipients played an important role. However, despite the significant short-term response to the intervention, its temporary nature and limited magnitude are not enough to meaningfully alter the annuity payment that would be obtained from the savings stock.
dc.fechaingreso.objetodigital2024-01-17
dc.fuente.origenORCID-ene24
dc.identifier.doi10.1086/720718
dc.identifier.eissn1539-2988
dc.identifier.issn0013-0079
dc.identifier.urihttps://doi.org/10.1086/720718
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/80601
dc.identifier.wosidWOS:001102864700001
dc.information.autorucInstituto de Economía; Lafortune, Jeanne; 0000-0003-0127-0646; 1009322
dc.information.autorucInstituto de Economía; Tessada Pinto, José Antonio; S/I; 10281
dc.language.isoen
dc.nota.accesoContenido parcial
dc.pagina.final770
dc.pagina.inicio725
dc.publisherUniv. Chicago Press
dc.revistaEconomic Development and Cultural Change
dc.rightsacceso restringido
dc.subject330
dc.subject.ods01 No Poverty
dc.subject.odspa01 Fin de la pobreza
dc.titlePersonalized Information as a Tool to Improve Pension Savings: Results from a Randomized Control Trial in Chile
dc.typeartículo
sipa.codpersvinculados1009322
sipa.codpersvinculados10281
sipa.trazabilidadORCID;2024-01-15
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