About this document
Save More Tomorrow Program Overview by tawongamm is a document available to read on EtoBox.
The document summarizes a paper that proposes a program called "Save More Tomorrow" to help employees save more for retirement. The program allows employees to commit now to increasing their savings rate each time they receive a future raise. One company that implemented the program saw 78% of eligible employees join. Of those enrolled, 80% remained in the program through four pay raises. On average, participation increased savings rates from 3.5% to 13.6% over 40 months. The results suggest behavioral econ
- Author
- tawongamm
- Language
- EN