Employer-Based Short-Term Savings Accounts

Contributions: conceptualized paper (SB, JB, JC, DL), wrote paper (SB, JB), edited paper (JC, DL), implemented empirical analysis (SB, JG), project leadership (SB, JB). The research reported herein was convened by Nest Insight, a public-benefit research and innovation center which is part of Nest Corporation, a UK public corporation. This research was reviewed by the Harvard Institutional Review Board and determined to be exempt human subjects research. The findings and conclusions expressed are solely those of the authors and do not represent the views of Harvard, Yale, NBER, Nest, the participating employers, or the implementing partners. The authors gratefully acknowledge Annick Kuipers, Emma Stockdale, and Bradley Bain for tireless project management and for sharing data; Jo Phillips for project leadership; the entire Nest Insight team for convening the trial; Shreenidhi Subramanian for sharing data; Santiago Medina Pizarro, Adrian Baxter, and Peter Smith for helpful comments and support; Jessica Brooks for excellent research assistance; the BlackRock Foundation and the Money and Pensions Service (UK) for their support of the Nest Insight program, which provided the funding for our research; and the Pershing Square Fund for Research on the Foundations of Human Behavior at Harvard University for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• data appendix

• January 17, 2024