Tufano, Peter (2011) Just Keep My Money! Supporting Tax-Time Savings with US Savings Bonds. American Economic Journal: Economic Policy, 3 (4). pp. 172-200.
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Abstract
This paper reports the results of a 2007 experiment testing whether specific process simplification can foster increased take-up rates for savings products, particularly by low-to-moderate income (LMI) households. Tax refund recipients at certain H&R Block tax preparation offices were given the option to purchase US Savings Bonds with their tax refunds, augmenting the tax-site savings options offered by H&R Block. Those who received the savings bond offer were substantially more likely to purchase a savings product on-site than those who didn't, even after controlling for client demographics. Much of this take-up was directed at intra-family gifting, or asset building on behalf of children.
Item Type: | Article |
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Keywords: | Personal Finance; savings; investments; tax refunds; finance |
Subject(s): | Finance |
Date Deposited: | 23 Aug 2012 09:13 |
Last Modified: | 07 Nov 2018 16:48 |
Funders: | N/A |
URI: | http://eureka.sbs.ox.ac.uk/id/eprint/4130 |
Available Versions of this Item
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Just keep my money! Supporting tax-time savings with U.S. Savings Bonds. (deposited 19 Oct 2011 15:53)
- Just Keep My Money! Supporting Tax-Time Savings with US Savings Bonds. (deposited 23 Aug 2012 09:13) [Currently Displayed]
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