The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
The Effect of Providing Peer Information on Retirement Savings Decisions
Open accessAbstract
Using a field experiment in a 401(k) plan, we measure the effect of disseminating information about peer behavior on savings. Low‐saving employees received simplified plan enrollment or contribution increase forms. A randomized subset of forms stated the fraction of age‐matched coworkers participating in the plan or age‐matched participants contributing at least 6% of pay to the plan. We document an oppositional reaction: the presence of peer information decreased the savings of nonparticipants who were ineligible for 401(k) automatic enrollment, and higher observed peer savings rates also decreased savings. Discouragement from upward social comparisons seems to drive this reaction.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
A theory of social comparison processes
Festinger, L. (1954) · Human Relations · doi:10.1177/001872675400700202 · Cited by 20,926
Building a practically useful theory of goal setting and task motivation: A 35-year odyssey.
Locke, E. A., & Latham, G. P. (2002) · American Psychologist · doi:10.1037/0003-066x.57.9.705 · Cited by 7,766
Implementation intentions: Strong effects of simple plans.
Gollwitzer, P. M. (1999) · American Psychologist · doi:10.1037/0003-066x.54.7.493 · Cited by 5,478
The Constructive, Destructive, and Reconstructive Power of Social Norms
Schultz, P. W., Nolan, J. M., Cialdini, R. B., Goldstein, N. J., & Griskevicius, V. (2007) · Psychological Science · doi:10.1111/j.1467-9280.2007.01917.x · Cited by 3,643
A Room with a Viewpoint: Using Social Norms to Motivate Environmental Conservation in Hotels
Goldstein, N. J., Cialdini, R. B., & Griskevicius, V. (2008) · Journal of Consumer Research · doi:10.1086/586910 · Cited by 3,409
Social norms and energy conservation
Allcott, H. (2011) · Journal of Public Economics · doi:10.1016/j.jpubeco.2011.03.003 · Cited by 2,802
Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market
Salganik, M. J., Dodds, P. S., & Watts, D. J. (2006) · Science · doi:10.1126/science.1121066 · Cited by 2,231
Learning by doing and learning from others: Human capital and technical change in agriculture
Foster, A. D., & Rosenzweig, M. R. (1995) · Journal of Political Economy · doi:10.1086/601447 · Cited by 2,038
A Focus Theory of Normative Conduct: When Norms Do and Do not Affect Behavior
Kallgren, C. A., Reno, R. R., & Cialdini, R. B. (2000) · Personality and Social Psychology Bulletin · doi:10.1177/01461672002610009 · Cited by 1,005
Cited by
Social norms and energy conservation
Allcott, H. (2011) · Journal of Public Economics · doi:10.1016/j.jpubeco.2011.03.003 · Cited by 2,802
Allcott, H., & Rogers, T. (2014) · American Economic Review · doi:10.1257/aer.104.10.3003 · Cited by 1,340
(2014) · Econometrica · doi:10.3982/ecta11991 · Cited by 586
Savings by and for the Poor: A Research Review and Agenda
Karlan, D., Ratan, A. L., & Zinman, J. (2014) · Review of Income and Wealth · doi:10.1111/roiw.12101 · Cited by 548
Social Learning and Incentives for Experimentation and Communication
BenYishay, A., & Mobarak, A. M. (2019) · The Review of Economic Studies · doi:10.1093/restud/rdy039 · Cited by 328
Seeing Where You Stand: From Performance Feedback to Performance Transparency
Bernstein, E. S., & Li, S. (2017) · Academy of Management Proceedings · doi:10.5465/ambpp.2017.14752abstract · Cited by 12
Metadata
- Authors
- BESHEARS, J., CHOI, J. J., LAIBSON, D., MADRIAN, B. C., & MILKMAN, K. L.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2015-05-11
- Volume
- 70
- Issue
- 3
- Pages
- 1161-1201
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2098716691
- Cited by
- 443
- References
- 9
- FWCI
- 178.30
- Type
- journal article
- Language
- en
- Open access
- bronze
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
