Using Behavioral Insights to Increase Retirement Savings (Report)

Using Behavioral Insights to Increase Retirement Savings (Report)

Trial Design and Findings
Published: Apr 30, 2017
Publisher: Princeton, NJ: Mathematica Policy Research
Associated Project

Behavioral Interventions for Labor-Related Programs

Time frame: 2014-2017

Prepared for:

U.S. Department of Labor


Samia Amin

Greg Chojnacki

Aravind Moorthy

Irma Perez-Johnson

Matt Darling

Jaclyn Lefkowitz

Key Findings

 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.

How do you apply evidence?

Take our quick four-question survey to help us curate evidence and insights that serve you.

Take our survey