Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/178608
Authors: 
Hagen, Johannes
Hallberg, Daniel
Sjögren Lindquist, Gabriella
Year of Publication: 
2018
Series/Report no.: 
GLO Discussion Paper 209
Abstract: 
Nudge is about affecting behavior in a certain way through small changes to the choice architecture. However, a nudge may also affect behaviors that the architect did not intend. We show that such spillover effects exist in a highly policy relevant context where the use of nudge is widespread; retirement. Specifically, we find that an exogenous application form change in the Swedish pension system that highlighted a five-year payout on the expense of a life annuity not only increased the demand for the nudged payout (as expected), but also induced individuals to retire earlier. We attribute the effects to decision-framing.
Subjects: 
annuity
pension
nudge
decision framing
JEL: 
D91
G41
J26
J32
Document Type: 
Working Paper

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