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#savings

Leveraging Behavioral Science for Savings and Health

July 3, 2019 by Research Department Leave a Comment

Savings and health are fruitful areas for behavioral science.

Alexandra De Filippo is a principal advisor at the North American division of The Behavioral Insights Team (BIT), an organization widely known as the "Nudge Unit." Since its inception, BIT has used behavioral science in wide-ranging efforts that include, among many others, increasing tax collection and electoral participation rates, boosting organ donation and reducing medical … [Read more...] about Leveraging Behavioral Science for Savings and Health

Cass Sunstein on Misconceptions, Biases and How Latin America Can Harness Behavioral Economics

January 25, 2019 by Research Department Leave a Comment

Latin America could harness the power of behavioral economics by setting up behavioral insights teams

Cass Sunstein is a Harvard law professor, a former administrator of the White House Office of Information and Regulatory Affairs, and one of the most prolific and admired legal scholars in the United States. He is also a leading light in the field of behavioral economics whose 2008 pioneering book Nudge, co-written with Nobel Prize laureate Richard Thaler, describes the many … [Read more...] about Cass Sunstein on Misconceptions, Biases and How Latin America Can Harness Behavioral Economics

Nudging: A Path to Greater Childhood Vaccination

October 31, 2018 by Nina Rapoport Leave a Comment

How can vaccinations be guaranteed in poor rural areas? Guatemala faced the problem recently when it confronted the declining rates of rural immunization after children's first year of life, a phenomenon that potentially threatened childhood health and survival. Declining rates of childhood vaccination These biases were taking their toll. Mothers made a big effort during … [Read more...] about Nudging: A Path to Greater Childhood Vaccination

How Nobel Ideas Inspired the IDB

October 10, 2017 by Carlos Scartascini Leave a Comment

The ideas of Nobel Laureate Richard Thaler inspire IDB interventions in Latin America

Richard Thaler, the University of Chicago professor who fused psychological insights and economics to reveal how biases affect decision-making, was awarded Oct. 8 the 2017 Nobel Prize in economics. The award, which recognizes Thaler's work in overturning assumptions about economic behavior as rational and demonstrating how people could be "nudged" to make better choices, … [Read more...] about How Nobel Ideas Inspired the IDB

Rethinking Taxation to Protect Savings

March 29, 2017 by Eduardo Cavallo - Carola Pessino Leave a Comment

Taxation and savings are inextricably linked. While taxation puts more money in the government’s hands, it also decreases private savings by leaving people and firms with less income to save, invest, and grow the economy. Despite this clear relationship, the negative impact of taxation on private savings is often the blind spot when policymakers tackle tax reform in Latin … [Read more...] about Rethinking Taxation to Protect Savings

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