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How Do Consumers Respond When Default Options Push the Envelope? (PDF)
John Beshears, Shlomo Benartzi, Richard T. Mason, and Katherine L. Milkman via Voya Financial 
Oct. 16, 2017
Working paper. "[H]igher defaults increased average contribution rates 60 days after a website visit by 20-50 basis points of pay off of a base of 6.11% of pay.... [T]he highest default (11%) increases the likelihood of not participating by 3.7 percentage points. The evidence suggests that erring on the high side when choosing a default contribution rate is less likely to generate unintended consequences than erring on the low side."
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