Save More Tomorrow¶
Thaler, R. H., & Benartzi, S. (2004). Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving. Journal of Political Economy.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Commitment Device
- Thaler and Benartzi (2004) exploited exactly this collapse in their "Save More Tomorrow" program, in which employees commit in advance to allocating future salary raises to retirement savings; because the costly decision is made once, and at a moment when the future raise feels abstract rather than tempting, participation and savings rates rose dramatically without any further act of self-control.
This sourceThe SMarT program, in which employees commit in advance to allocating future salary raises to retirement savings, raised average saving rates from 3.5% to 13.6% over 40 months without further in-the-moment self-control; supports the manages-complexity claim about relocating the costly decision to a low-temptation moment.
Supported in partVerified against the publisher's abstract
The abstract states the SMarT design — committing in advance to allocate future salary raises to savings — but not the participation or saving-rate magnitudes.
“The essence of the program is straightforward: people commit in advance to allocat-ing a portion of their future salary increases toward retirement savings.”
- Thaler and Benartzi (2004) exploited exactly this collapse in their "Save More Tomorrow" program, in which employees commit in advance to allocating future salary raises to retirement savings; because the costly decision is made once, and at a moment when the future raise feels abstract rather than tempting, participation and savings rates rose dramatically without any further act of self-control.
- Time Preference (Discounting Future)
- | Domain | Manifestation | |------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Retirement & Savings | 401(k) auto-enrollment, Save More Tomorrow, default-investment-option design, IRA contribution-matching, retirement-adequacy analysis.
This sourceThe SMarT program in which employees commit in advance to allocating future salary raises to retirement savings, raising participation and saving rates without further in-the-moment self-control.
Supported in partVerified against the publisher's abstract
This source states the Save More Tomorrow proposition — committing future salary raises to retirement saving — but says nothing about 401(k) auto-enrollment, default-investment-option design, IRA matching, or retirement-adequacy analysis.
“The essence of the program is straightforward: people commit in advance to allocat-ing a portion of their future salary increases toward retirement savings.”
- | Domain | Manifestation | |------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Retirement & Savings | 401(k) auto-enrollment, Save More Tomorrow, default-investment-option design, IRA contribution-matching, retirement-adequacy analysis.
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
Does it back the claim? Read against the text for 2 of 2 citations: 2 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.
Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
See how references were verified.
Registry ID ref:9b3678ab16df · see in the full table