RT Journal Article
SR Electronic
T1 Increasing Retirement Savings through Access Points and Persuasive Messages
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 1752
OP 1781
DO 10.3368/jhr.58.5.0220-10750R2
VO 58
IS 5
A1 Bosch, Mariano
A1 Rubli, Adrian
YR 2023
UL http://jhr.uwpress.org/content/58/5/1752.abstract
AB We study transaction costs for making deposits within the privatized pension system in Mexico. We analyze an expansion of access channels for additional (voluntary) contributions at 7-Eleven stores, followed by a media campaign providing information on this policy and persuasive messages to save. We estimate a differential 6–9 percent increase in the volume of transactions post-policy in municipalities with 7-Eleven relative to those without. However, due to smaller deposits compared to pre-policy sizes, we find modest effects on the flow of savings. Contribution size was not just smaller for marginal savers, but also decreased significantly for some inframarginal savers.