Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving
Thaler and Benartzi note that as firms move from defined-benefit to defined-contribution plans, employees bear more responsibility for saving decisions, and those who do not join or save very little appear to be saving below life-cycle predictions. Behavioural explanations stress bounded rationality and self-control. They propose a prescriptive savings programme, Save More Tomorrow, in which people commit in advance to allocating a portion of future salary increases to retirement saving.
Thaler and Benartzi note that as firms move from defined-benefit to defined-contribution plans, employees bear more responsibility for saving decisions, and those who do not join or save very little appear to be saving below life-cycle predictions. Behavioural explanations stress bounded rationality and self-control. They propose a prescriptive savings programme, Save More Tomorrow, in which people commit in advance to allocating a portion of future salary increases to retirement saving.
Written from the abstract as shown on the OpenAlex record, read 2026-11-04.
What our sources record
Recorded when this source was checked, figures included, with page references and quotation marks removed.
Thaler, R. H., & Benartzi, S. (2004). Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving. Journal of Political Economy, 112(S1), S164-S187. doi:10.1086/380085