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Can survey participation alter household saving behaviour?
Crossley,Thomas de Bresser,Jochem Delaney,L. Winter,Joachim
Crossley,Thomas
de Bresser,Jochem
Delaney,L.
Winter,Joachim
Abstract
We document an effect of survey participation on household saving. Indentification 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 per- centage 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.
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Date
2017-11
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Keywords
survey effects, savings, administrative data, retirement, C83 - Survey Methods ; Sampling Methods, D14 - Household Saving; Personal Finance
Citation
Crossley, T, de Bresser, J, Delaney, L & Winter, J 2017, 'Can survey participation alter household saving behaviour?', Economic Journal, vol. 127, no. 606, pp. 2332-2357. https://doi.org/10.1111/ecoj.12398