Implications of Pension Plan Features, Information, and Social Interactions for Retirement Saving Decisions

Loading...
Thumbnail Image
Penn collection
Wharton Pension Research Council Working Papers
Degree type
Discipline
Subject
Economics
Funder
Grant number
License
Copyright date
Distributor
Author
Duflo, Esther
Saez, Emmanuel
Contributor
Abstract

This chapter summarizes key findings from experimental or quasi-experimental studies on the determinants of savings through employer-sponsored retirement benefits plans. Research shows that default rules and the ability to commit now for the future can have a dramatic impact on enrollment rates. Analysis also shows that enrollment decisions can be influenced by peer decisions, as well as information provided by the employer. We also identify gaps in existing knowledge and propose new randomized experiments which could be conducted in the workplace that would fill important gaps in our understanding of the determinants of retirement savings.

Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2003-01-01
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
The published version of this Working Paper may be found in the 2004 publication: Pension Design and Structure: New Lessons from Behavioral Finance (https://pensionresearchcouncil.wharton.upenn.edu/publications/books/pension-design-and-structure-new-lessons-from-behavioral-finance/).
Recommended citation
Collection