Table 5.
Difference in Differences model (OLS regression with fixed effects)
| Dependent variable |
Full sample | Full Sample, weighted | Subsample 1 | Subsample 2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open myRA (1) |
RKI (2) |
M-RKI (3) |
Open myRA (4) |
RKI (5) |
M-RKI (6) |
Open myRA (7) |
RKI (8) |
M-RKI (9) |
Open myRA (10) |
RKI (11) |
M-RKI (12) |
|
| Post x Treat | 0.134* (0.052) |
1.180* (0.509) |
1.040* (0.453) |
0.125* (0.053) |
1.163* (0.498) |
1.042* (0.446) |
0.175** (0.061) |
1.371* (0.579) |
1.176* (0.513) |
0.185** (0.066) |
1.539* (0.594) |
1.354* (0.523) |
| Observations | 223 | 223 | 223 | 223 | 223 | 223 | 182 | 182 | 182 | 168 | 168 | 168 |
| R-squared | 0.139 | 0.435 | 0.409 | 0.129 | 0.433 | 0.413 | 0.181 | 0.441 | 0.415 | 0.194 | 0.445 | 0.429 |
| No. of participants | 140 | 140 | 140 | 140 | 140 | 140 | 112 | 112 | 112 | 104 | 104 | 104 |
Standard errors in parentheses. Model estimated including financial strain indicator, employment status and individual fixed effects. Subsample 1 includes all participants that had a bank account at some point in the study, and subsample 2 includes those participants who had a bank account at some point in the study and that are not saving for retirement in other retirement saving plan in a monthly basis.
*
p < .05.
**
p < 0.01.