BOX INFORMATION
SUPPLEMENTARY FILES FOROlckers M. (2021) 'On track for retirement?'.
Journal of Economic Behavior & Organization. V190:76-88.
doi:
10.1016/j.jebo.2021.07.028LICENSE FOR USEAll content posted to ResearchBox is under a
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BOX PUBLIC SINCE
August 10, 2021 (
files may not be changed, deleted, or added)
BOX CREATORSMatthew Olckers (m.olckers@unsw.edu.au)
ABSTRACTOver sixty percent of employees at a large South African company contribute the minimum rate of 7.5% to a retirement fund—far below the rate of 15% recommended by financial advisers. I use a field experiment to investigate whether providing employees with a retirement calculator, which shows projections of retirement income, leads to increases in contributions. The impact is negligible. The lack of response to the calculator suggests many employees may wish to save less than the minimum. I use a model of asymmetric information to explain why the employer sets a binding minimum.