We compare the effect of a text message sent to mobile phones on the actions of minority groups versus the general population in Israel. Using proprietary data from a dedicated survey, we show that the text message had an overall positive effect, but a significantly smaller effect on minority...

Lost and forgotten retirement savings accounts are increasingly becoming a problem. This paper uses proprietary data, survey data, and a field experiment to study the effect of two campaigns to raise awareness and direct attention to this issue among account holders. The first campaign is based...

Increasing life expectancy together with reforms in the retirement savings market and changes in the job market pose significant challenges for Israelis, who today find themselves confronted with the need to carefully plan for future retirement. Financial literacy is critical to retirement...