Table 1.
Effect of retirement educational program on enrollment on retirement savings plans
| Study | Tool (time in months) | Control (%Δ) |
Treatment (%Δ) |
DD |
|---|---|---|---|---|
| Duflo and Saez (2003) | Benefits fair, department (4.5) | 4.0 | 4.9 | 0.9 |
| Benefits fair, department (11) | 7.5 | 8.9 | 1.4 | |
| Lusardi et al. (2009) | Planning aid, 8 step (2) | 29 | 45 | 16 |
| Beshears et al. (2013) | Quick enrollment (1) | 7 | 18 | 11 |
| Quick enrollment (12) | 22 | 44 | 22 | |
| Collins and Urban (2016) | Online program (1) | NA | NA | 6 |
| Clark et al. (2017) | Informational nudge (1) | 2.8 | 3.8 | 1 |
“%Δ” denotes percentage change in opening a retirement account between pre- and post- intervention. “DD” denotes the Difference in Difference between control and treatment. “NA” denotes estimate not available (i.e. not provided in manuscript).