| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25718 |
| 来源ID | Working Paper 25718 |
| Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts | |
| Paul D. Adams; Stefan Hunt; Christopher Palmer; Redis Zaliauskas | |
| 发表日期 | 2019-04-01 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | While popular with policymakers, most evidence on consumer financial disclosure’s effectiveness studies borrowing decisions (where optimality is unclear) or lab experiments (where attention is not scarce). We provide field evidence from randomized-controlled trials with 124,000 savings-account holders at five UK depositories. Treated consumers were disclosed varying degrees of salient information about alternative products, including one with their current provider strictly dominating their current product. Despite switching taking roughly 15 minutes and the moderate average potential gains ($190/year), switching is rare across disclosure designs and depositors. We find pessimistic beliefs drive disclosure inattention and limit disclosure’s effectiveness, helping explain deposit stickiness. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Financial Institutions ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w25718 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583390 |
| 推荐引用方式 GB/T 7714 | Paul D. Adams,Stefan Hunt,Christopher Palmer,et al. Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25718.pdf（840KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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