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2019 Conference

May 21–23, 2019

Westin Arlington Gateway, Arlington, VA, USA

Proposal authors can use this tool to see where they have been placed in the agenda for a Symposium, an Oral Session, or a Featured Research Poster Session.

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D1a Designing Effective Financial Tips to Guide Debt Repayment: Experimental Evidence from Tax Refund Recipients

Wednesday, May 22, 2019 at 3:45 PM–5:15 PM EDT
F. Scott Fitzgerald A
Key Words

Financial tips, debt management, randomized controlled trial, household finance

Short Description

We administered a randomized controlled trial that provided simple financial tips for low- and moderate-income tax filers after they learned their tax refund amount. The purpose of the experiment was to test whether providing simple financial management tips can impact how households use their tax refunds to manage their debts. Using survey data from two waves of a Household Financial Survey—one conducted after tax-filing and the other six months after tax-filing—we compare survey responses for households in the control and treatment groups to examine whether extremely low-touch financial tips can influence household debt levels and attitudes towards debt.

First & Corresponding Author

Olga Kondratjeva, Washington University
Authors in the order to be printed

Olga Kondratjeva, Stephen Roll, Sam Bufe, Mathieu Despard, Michal Grinstein-Weiss

Additional Authors

Stephen Roll, Washington University
Sam Bufe, Washington University
Mathieu Despard, Washington University
Michal Grinstein-Weiss, Washington University
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