Are Good Intentions Enough? Encouraging Regular Savings Through Implementation Intentions
Are Good Intentions Enough? Encouraging Regular Savings Through Implementation Intentions
7 July, 2020 •Similar Articles
Does Knowing Your FICO Score Change Financial Behavior? Evidence from a Field Experiment with Student Loan Borrowers
This paper evaluates the impact of providing access to an individual’s FICO® Score on financial behavior. We conduct a field experiment with...
Test Paper
...
A Laboratory Study of Nudge with Retirement Savings
We report results from an on-line economics experiment that examines the effect of nudging
retirement savings decisions. In the experiments, ...
This study concerns the implications of Gollwitzer’s (1993) concept of implementation intentions. Intention, attitude, subjective norm, perceived behavioral control and past behavior from for Ajzen’s (1985) Theory of Planned Behavior were used to measure the motivation of participants’ of an “America Saves” campaign to save regularly prior to an intervention in which participants made implementation intentions concerning when, how, how much, and from what source of income they will deposit money into their savings accounts in the next month. The study suggests the following testable hypotheses: Participants who form implementation intentions concerning when, how, how much, and from what source of income they will deposit money into their America Saves account will be more likely to deposit money into their America Saves account than participants who do not form such intentions. Participants who form implementation intentions will save in a manner consistent with their intentions.