Using Behavioral Insights to Increase Retirement Savings (Report)

Trial Design and Findings
Publisher: Princeton, NJ: Mathematica Policy Research
Apr 30, 2017
Samia Amin, Greg Chojnacki, Aravind Moorthy, Irma Perez-Johnson, Matt Darling, and Jaclyn Lefkowitz

 Key Findings:

  • Low-cost, behaviorally informed emails increased the number of U.S. Department of Labor (DOL) employees saving at least 5 percent of their salary by 7.5 percentage points.
  • Emails raised the overall contribution rate by up to 0.4 percentage points or approximately $11,500 over an employee’s lifetime.
  • Emails were not effective in causing non-contributors to start contributing a percentage of their salary to the Thrift Savings Plan.
This report provides findings from Mathematica's behavioral insights study conducted for the U.S. Department of Labor's Employee Benefits Security Administration.

Behavioral Interventions for Labor-Related Programs


U.S. Department of Labor

Time Frame