Browsing by Author "Lafortune, Jeanne"

Now showing 1 - 3 of 3
  • Thumbnail Image
    Item
    Personalized Information as a Tool to Improve Pension Savings: Results from a Randomized Control Trial in Chile
    (Univ. Chicago Press, 2024) Fuentes, Olga; Lafortune, Jeanne; Riutort, Julio; Tessada Pinto, José Antonio; Villatoro, Felix
    Forecasting of the outcome of saving for retirement is challenging, particularly for individuals who have limited financial literacy. We explore how reducing that barrier by offering personalized information affects long-term savings. To this end, we randomly offered personalized information or general information within the context of individual retirement accounts in Chile. Personalized information increased voluntary pension savings. Heterogeneity analysis suggests that the updating of priors by information recipients played an important role. However, despite the significant short-term response to the intervention, its temporary nature and limited magnitude are not enough to meaningfully alter the annuity payment that would be obtained from the savings stock.
  • Thumbnail Image
    Item
    Putting the Husband Through: The Role of Credit Constraints in the Timing of Marriage and Spousal Education
    (Univ. Chicago Press, 2023) Iyigun, Murat; Lafortune, Jeanne
    In the United States, age at first marriage was lowest and the education gap between husbands and wives was highest during the 1950s. The conventional explanation for such a negative correlation is that early marriage leads to earlier and higher fertility, which in turn prevents women from acquiring education. Here, we propose that early marriages enabled couples to overcome credit constraints in education. A model that includes this motive and mechanism can replicate not only the marriage and education patterns observed in the middle of the century in the United States but also the overall trends over the twentieth century.
  • Thumbnail Image
    Item
    What Is the Price of Freedom? Estimating Women's Willingness to Pay for Job Schedule Flexibility
    (Univ. Chicago Press, 2023) Bustelo, Monserrat; Diaz, Ana Maria; Lafortune, Jeanne; Piras, Claudia; Salas, Luz Magdalena; Tessada, Jose
    We conducted a discrete choice experiment to elicit women's revealed preferences regarding job schedule flexibility (flexible scheduling and part-time employment) in a developing country context. We did so with an incentivized methodology for job seekers. On average, women have a high willingness to pay for a flexible schedule within a full-time contract but a much lower desire to trade wages for part-time contracts. The willingness to pay for a flexible work arrangement is largest for more affluent women, while willingness to pay for part-time employment is highest among those with higher time demands.