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Can Survey Participation Alter Household Saving Behaviour?

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

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.

AuthorsCrossley Thomas F, de Bresser Jochem, Delaney Liam, Winter Joachim
Publication date11/2017
Publication date online24/03/2017
Date accepted by journal15/12/2015
ISSN 0013-0133

Economic Journal: Volume 127, Issue 606

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