By Olivia S. Mitchell, Stephen P. Utkus
Staff are being given a growing number of judgements to make as regards to their pension and healthcare plans. but expanding examine within the social sciences indicates that the choices 'real' humans make usually are not these of the considerate and well-informed monetary agent usually portrayed in monetary learn, yet are frequently in response to fallacious details and made and not using a complete figuring out in their monetary implications.
The participants to Pension layout and Structure discover the assumptions at the back of commonly-held theories of retirement decision-making, and the implications of the becoming quantity of analysis in behavioral finance and economics for the sphere of pension learn. utilizing huge datasets newly supplied by way of monetary carrier businesses and real-world experiments, this quantity checks the hypotheses of this research.
This is the 1st publication to discover the consequences of behavioral finance learn for pensions and retirement reviews, and makes use of frontier learn from numerous fields, together with Finance, Economics, administration, Sociology, and Psychology. individuals contain major pensions experts.