Saving or Retirement on the Path of Least Resistance

By James J. Choi, David Laibson, B. Madrian, Andrew Metrick. 2004

247 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/dae4b5d7525170795280289ccb1ab372f57cd89a

Citations in the corpus

• Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy (2010, unknown): “This explains why consumers may choose to enter long-term saving commitment plans, such as 401(k)s in the United States (Choi et al. 2006) or other committed saving products (Asharf, Karlan, and Yin 2006).”
• INCREASING SAVING BEHAVIOR THROUGH AGE-PROGRESSED RENDERINGS OF THE FUTURE SELF (2011, unknown): “To this end, several companies have successfully implemented programs that use precommitment strategies that allow employees to commit future income to retirement plans (e.g., Choi et al. 2006; Thaler and Benartzi 2004).”
• Household Saving Behavior: The Role of Financial Literacy, Information, and Financial Education Programs (2008, unknown): “14 As noted by Choi et al. (2004), many companies have chosen low contribution rates and conservative asset allocations.”
• Misunderstanding Savings Growth: Implications for Retirement Savings Behavior (2011, unknown): “Because people often do not follow through, even when they report an interest in increasing their savings rate (Choi et al. 2006), we believe that it is important to introduce exponential growth interventions immediately before savings decisions.”
• The Economic Importance of Financial Literacy: Theory and Evidence (2014, unknown): “Several other studies also note that automatic enrollment leads to large and persistent increases in pension participation (Choi, Laibson, and Madrian 2004; Choi et al. 2006; Thaler and Benartzi 2004) and better diversified portfolios (Mitchell and Utkus 2012).”