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Can Survey Participation Alter Household Saving Behaviour?

Crossley, TF and de Bresser, J and Delaney, L and Winter, J (2017) 'Can Survey Participation Alter Household Saving Behaviour?' Economic Journal, 127 (606). 2332 - 2357. ISSN 0013-0133

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Abstract

© 2016 The Authors. The Economic Journal published by John Wiley & Sons Ltd on behalf of Royal Economic Society. We document an effect of survey participation on household saving. Identification comes from random assignment to modules within a population-representative Internet panel. The saving measure is based on linked administrative wealth data. Households that responded to a detailed questionnaire on needs in retirement reduced their non-housing saving rate by 3.5 percentage points, on a base of 1.5%. The survey may have acted as a salience shock, possibly with respect to reduced housing costs in retirement. Our findings present an important challenge to survey designers. They also add to the evidence of limited attention in household financial decision making.

Item Type: Article
Subjects: H Social Sciences > HA Statistics
H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 13 Jan 2016 10:23
Last Modified: 25 Dec 2017 17:15
URI: http://repository.essex.ac.uk/id/eprint/15833

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