Frames, Incentives, and Education: Effectiveness of Interventions to Delay Public Pension Claiming / Franca Glenzer, Pierre-Carl Michaud, Stefan Staubli.

Format:

Book

Author/Creator:

Glenzer, Franca.

Contributor:

National Bureau of Economic Research.

Michaud, Pierre-Carl.

Staubli, Stefan.

Series:

Working Paper Series (National Bureau of Economic Research) no. w30938.

NBER working paper series no. w30938

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2023.

Summary:

Many people forgo a higher stream of public pension income by claiming early. We provide both quasi-experimental and survey-experimental evidence that the timing of public pension claiming is relatively inelastic to changes in financial incentives in Canada. Using the survey experiment, we evaluate the effect of two different educational interventions and different ways of framing the incentive to delay claiming. While all three types of interventions induce delays, these interventions have heterogeneous financial consequences for participants who react.

Notes:

Print version record

February 2023.