Financial Behaviors Financial Inclusion Report

Refund to Savings: 2013 Evidence of Tax-Time Saving in a National Randomized Control Trial

In 2013, the R2S team conducted a national randomized control trial testing the effectiveness of techniques informed by insights from behavioral economics to increase deposits of tax refunds into savings vehicles. This report includes details on the randomized control trial variables, primary research questions, and the specific outcomes for participants. The results in this report help to describe what saving vehicles tax filers want to use, the length of impact of R2S interventions, and the barriers that still exist to savings.

Project: Refund to Savings (R2S)


Grinstein-Weiss, M., Comer, K., Russell, B., Key, C., Perantie, D. C., & Ariely, D. (2014). Refund to Savings: 2013 evidence of tax-time saving in a national randomized control trial (CSD Research Report No. 14-03). St. Louis: Washington University, Center for Social Development.