Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • 2008
  • Working Paper
  • HBS Working Paper Series

Just Keep My Money! Supporting Tax-time Savings with U.S. Savings Bonds

By: Peter Tufano
  • Format:Print
  • | Language:English
  • | Pages:40
ShareBar

Abstract

This paper reports the results of a 2007 experiment testing if specific process simplification can foster increased take-up rates for savings products, particularly by low-to-moderate income (LMI) households. Tax refund recipients at certain H&R Block tax preparation offices were given the option to purchase U.S. Savings Bonds with their tax refunds, augmenting the tax-site savings options offered by Block. Those who received the savings bond offer were substantially more likely to purchase a savings product on-site than those who didn't, even after controlling for client demographics. Much of this take-up was directed at intra-family gifting, or asset building on behalf of children.

Keywords

Household; Income; Bonds; Investment; Personal Finance; Saving; Taxation; United States

Citation

Tufano, Peter. "Just Keep My Money! Supporting Tax-time Savings with U.S. Savings Bonds." Harvard Business School Working Paper, No. 09-059, October 2008. (Revised August 2010.)
  • Read Now

About The Author

Peter Tufano

General Management
→More Publications

More from the Author

    • April 2025
    • Journal of Corporate Finance

    Corporate Ownership and ESG Performance

    By: Belen Villalonga, Peter Tufano and Boya Wang
    • December 2024
    • Faculty Research

    Northvolt: Building Batteries to Fight Climate Change (B)

    By: George Serafeim, Debora L. Spar, Peter Tufano, Hugo Etchegoyhen and Emilie Billaud
    • October 2024
    • Faculty Research

    NextGen CDR Facility: From Davos to Details

    By: Peter Tufano, Emily A. Chien and Karina Val
More from the Author
  • Corporate Ownership and ESG Performance By: Belen Villalonga, Peter Tufano and Boya Wang
  • Northvolt: Building Batteries to Fight Climate Change (B) By: George Serafeim, Debora L. Spar, Peter Tufano, Hugo Etchegoyhen and Emilie Billaud
  • NextGen CDR Facility: From Davos to Details By: Peter Tufano, Emily A. Chien and Karina Val
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College.