| Autor: |
Cardella E; Texas Tech University, Lubbock, USA., Kalenkoski CM; Texas Tech University, Lubbock, USA., Parent M; The University of Texas at Austin, Austin, USA. |
| Jazyk: |
angličtina |
| Zdroj: |
Journal of pension economics & finance [J Pension Econ Financ] 2023 Jul; Vol. 22 (3), pp. 331-351. Date of Electronic Publication: 2021 Dec 07. |
| DOI: |
10.1017/s1474747221000445 |
| Abstrakt: |
This paper presents the results of a choice experiment that is designed to examine whether changing how plan information is presented affects planned retirement-savings behavior. The main hypothesis is that providing plan information in a more concise format with helpful recommendations, rather than providing lengthy and detailed information, will alter retirement-planning choices. The specific choices examined include: whether to enroll, how much to contribute, and how to structure (broadly) the asset allocation. The choice experiment is conducted on three different samples: (i) a Qualtrics panel of new employees, (ii) a Qualtrics panel of job seekers, and (iii) a sample of business-school students. Our results suggest that, controlling for demographic and other factors, our main hypothesis was not supported by the data in any of the samples. Thus, the data cast some doubt on the notion that simplifying and condensing the retirement-plan information presented to employees will result in vastly different retirement-planning choices. |
| Databáze: |
MEDLINE |
| Externí odkaz: |
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