Do incentives to save lead to borrowing? Evidence from a large-scale study

XEM THÊM : Chơi Game Đánh Bài Đổi Thưởng – Monclub Online [Event] Tháng 8/2022 A plenty of of policies aimed at increasing savings are currently in place, with many of them utilizing nudges. These policies are based on the assumption that savings are financed by lower consumption. However, when policymakers or researchers evaluate these interventions, they frequently focus on immediate savings outcomes without considering where the money comes from, despite the fact that a large proportion of households have liquid savings while also carrying credit card debt. We investigate whether saving nudges increase credit card borrowing in a recent working paper. We combine data from a large-scale field experiment with detailed and accurate panel data on individual bank accounts and credit cards. The information came from Banorte, a Mexican bank that conducted a randomized experiment with 3,054,438 customers. The remaining 374,893 customers received no messages, while 2,679,545 received w...