Subject: Economics and Finance Book Title: Pension Design and Structure
Pension Design and Structure
New Lessons from Behavioral Finance
Mitchell, Olivia S.
(Editor), International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, and Executive Director of the Pension Research Council at the Wharton School of the University of Pennsylvania
Utkus, Stephen P.
(Editor), Director of the Vanguard Center for Retirement Research, The Vanguard Group
Print publication date: 2004
Published to Oxford Scholarship Online: January 2005
Print ISBN-13: 978-0-19-927339-3
doi:10.1093/0199273391.001.0001
Published to Oxford Scholarship Online: January 2005
Print ISBN-13: 978-0-19-927339-3
doi:10.1093/0199273391.001.0001
Abstract:
This book explores how behaviour affects individual decisions on retirement planning. It seeks to provide plan sponsors, retirement service providers, and policymakers with new insights on designing retirement plans, to encourage more savings and better preparation for retirement. The book is divided into four parts. Part I presents studies on retirement planning decisionmaking. Part II deals with retirement plan design. Part III examines the impact of retirement education. Part IV studies the implications of retirement payouts.
Keywords: behavioural research, retirement plans, retirement system, decision-making, investments, behavioural economics, finance research, plan design, savings
Keywords: behavioural research, retirement plans, retirement system, decision-making, investments, behavioural economics, finance research, plan design, savings
Table of Contents
Preface
Chapter 1. Lessons from Behavioral Finance for Retirement Plan Design
Chapter 2. Motivating Retirement Planning: Problems and Solutions
Chapter 3. Who's Afraid of a Poor Old Age? Risk Perception in Risk Management Decisions
Chapter 4. Behavioral Portfolios: Hope for Riches and Protection from Poverty
Chapter 5. How Much Choice is Too Much? Contributions to 401(k) Retirement Plans
Chapter 6. “Money Attitudes” and Retirement Plan Design: One Size Does Not Fit All
Chapter 7. Employee Investment Decisions about Company Stock
Chapter 8. Implications of Pension Plan Features, Information, and Social Interactions for Retirement Saving Decisions
Chapter 9. Saving and the Effectiveness of Financial Education
Chapter 10. Sex Differences, Financial Education, and Retirement Goals
Chapter 11. Retirement Security in a DC World: Using Behavioral Finance to Bridge the Expertise Gap
Chapter 12. Adult Learning Principles and Pension Participant Behavior
Chapter 13. How do Retirees Go from Stock to Flow?
Chapter 14. Annuities and Retirement Well-Being
Chapter 15. Perceptions of Mortality Risk: Implications for Annuities
Index
doi:10.1093/0199273391.001.0001
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