There are massive gaps between low-SES and high-SES Americans in retirement savings, COVID-19 vaccine uptake, and many other outcomes. Nudges can reduce gaps like these if used well, because they typically impact low-SES individuals most, according to recent research. Nudges are also inexpensive and get more bang for the buck compared to other techniques that firms use to reduce inequities, such as offering financial education or discounts for the poor. Nudges are therefore a win-win for managers and employees.
|Number of pages||1|
|Specialist publication||Harvard Business Review|
|Publication status||Published - 26 Apr 2021|