Replication data for: Just Keep My Money! Supporting Tax-Time Savings with US Savings Bonds
- Tufano, Peter
AbstractThis 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. (JEL D14, H24)
Is supplement to
DOI: 10.1257/pol.3.4.172 (Text)
Tufano, Peter. “Just Keep My Money! Supporting Tax-Time Savings with US Savings Bonds.” American Economic Journal: Economic Policy 3, no. 4 (November 2011): 172–200. https://doi.org/10.1257/pol.3.4.172.
- ID: 10.1257/pol.3.4.172 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-08