Participation and Investment Decisions in a Retirement Plan: The Influence of Colleagues' Choices

By Esther Duflo, Emmanuel Saez. 2000

787 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1bea8b060d98c1cb9355e2cb6bd66c534de15407

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

Peer performance and stock market entry (2012, neutral): “…1998), use of welfare benefits (Bertrand, Luttmer, and Mullainathan 2000), membership of social groups (Sacerdote 2001), pension plan participation (Duflo and Saez 2002), stock market participation (Hong, Kubik, and Stein 2004), stock market trading (Shive 2009), choice of a health plan (Sorensen…”
Trust, sociability and stock market participation (2011, positive): “See for example the works of Madrian and Shea (2000) and Duflo and Saez (2002) who show that individuals’ decisions about their retirement investment plans are influenced by the choices of their working colleagues.”
Learning from the Crowd: Regression Discontinuity Estimates of the Effects of an Online Review Database (2012, background): “Duflo and Saez (2002) and Sorensen (2006) show respectively that an employee’s retirement and health plan choices affect the retirement and health plan choices of other employees in the same academic department.”
Access to Finance (2010, positive): “In an empirical contribution, Duflo and Saez (2002) investigate the role peer effects play in retirement savings decisions in the United States.”
Social Networks and Housing Markets (2018, positive): “This is consistent with the findings in DeFusco et al. (2015).”
Details Matter: The Impact of Presentation and Information on the Take-Up of Financial Incentives for Retirement Saving (2009, methodology): “3 The new experiment expands upon the matching experiments conducted in 2005 and analyzed in Duflo et al. (2006). The new experiment tests how a number of “details” affect IRA contribution decisions.”
Learning from Coworkers: Peer Effects on Individual Investment Decisions (2017, positive): “To address this concern, we follow a strategy similar to Duflo and Saez (2002) and Case and Katz (1991).”
Cognitive abilities and portfolio choice (2010, positive): “Duflo and Saez (2002) show that in the US the decision to participate in tax deferred retirement accounts is significantly affected by a similar decision of employees in the same department. Thus, the experience of peers about the performance of their investments is passed on to others. Hong, Kubik ”
Social Interactions and Entrepreneurial Activity (2009, positive): “We look for instruments that generate exogenous between-group variation, similar to Case and Katz (1991), Cutler and Glaeser (1997), and Duflo and Saez (2002), and neglect any changes in entrepreneurial activity over time (which may depend on some municipalities becoming more favorable than others…”
Financial literacy among youth (2018, background): “Decisions regarding the retirement savings and when to opt for retirement were influenced by friends and colleagues (Duflo and Saez, 2002) and spousal influence (Henkens, 1999), respectively.”