Framing Effects in an Employee Saving Scheme: A Non-Parametric Analysis

43 Pages Posted: 17 Jan 2013

See all articles by Peter Kooreman

Peter Kooreman

Tilburg University - Tilburg University School of Economics and Management; IZA Institute of Labor Economics

Bertrand Melenberg

Tilburg University - Center for Economic Research (CentER)

Henriette Prast

Tilburg University

Nathanael Vellekoop

University of Toronto; Leibniz Institute for Financial Research SAFE; Netspar

Date Written: January 15, 2013

Abstract

Studies have found evidence that seemingly irrelevant details of an income component such as its label have an effect on how it is used. Using a data set with more than one million employee-month observations, we investigate the role of functional form assumptions and time aggregation in the analysis of these effects. In most cases we find evidence that marginal propensities to save differ across income components. Our analysis reveals a large degree of heterogeneity in savings behavior within the year.

Keywords: framing effects, labeling effects, employee savings, non-parametric methods, behavioral economics

JEL Classification: D13, D91, G23

Suggested Citation

Kooreman, Peter and Melenberg, Bertrand and Prast, Henriette and Vellekoop, Nathanael, Framing Effects in an Employee Saving Scheme: A Non-Parametric Analysis (January 15, 2013). Netspar Discussion Paper No. 01/2013-001, Available at SSRN: https://ssrn.com/abstract=2201423 or http://dx.doi.org/10.2139/ssrn.2201423

Peter Kooreman (Contact Author)

Tilburg University - Tilburg University School of Economics and Management ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

HOME PAGE: http://www.peterkooreman.nl

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Bertrand Melenberg

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2730 (Phone)

Henriette Prast

Tilburg University ( email )

P.O. Box 90153
Tilburg, DC Noord-Brabant 5000 LE
Netherlands

Nathanael Vellekoop

University of Toronto ( email )

Max Gluskin House
150 St George st
Toronto, Ontario M5S 3G7
Canada

HOME PAGE: http://www.nvellekoop.nl

Leibniz Institute for Financial Research SAFE ( email )

(http://www.safe-frankfurt.de)
Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

Netspar ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

HOME PAGE: http://www.nvellekoop.nl

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