Misunderstanding Savings Growth: Implications for Retirement Savings Behavior

By C. Mckenzie, Michael J. Liersch. 2011

114 citations recorded by the source corpus.

Subfields: Accounting, Demography, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/7f42c1ef48b42dc70d1f15326aba4447f0d98ef4

How researchers see this paper

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

In Accounting

1. John G. Lynch
2. Daniel Fernandes
3. Richard G. Netemeyer
4. Matthew R. Levy
5. Craig R. Fox
6. Katherine L. Milkman
7. L. Hadar
8. Joshua Tasoff

In Demography

1. Daniel Fernandes
2. Richard G. Netemeyer
3. John G. Lynch
4. C. Manchester

In Economics and Econometrics

1. John G. Lynch
2. Daniel Fernandes
3. Richard G. Netemeyer
4. Matthew R. Levy
5. John W. Payne
6. Craig R. Fox
7. Jack B. Soll
8. Katherine L. Milkman

Citations in the corpus

• EXPONENTIAL-GROWTH BIAS AND LIFECYCLE CONSUMPTION (2015, background): “While other experimental de-biasing interventions have met with mixed results (MacKinnon and Wearing, 1991; Eisenstein and Hoch, 2007; McKenzie and Liersch, 2011; Soll et al., 2011; Goda et al., 2014; Song, 2012), ours is unique in assessing the additional effect on biased perceptions when subjects…”
• A User's Guide to Debiasing (2014, background): “For example, when considering retirement savings options, employees could be shown graphs displaying how wealth would grow over time under different scenarios for annual contributions (McKenzie & Liersch, 2011).”
• What will my account really be worth? Experimental evidence on how retirement income projections affect saving (2014, background): “Existing evidence on correcting exponential growth bias and saving decisions is limited to lab evidence that shows increased saving motivation after learning about exponential growth (McKenzie and Liersch 2011) and evidence in a developing country context (Song 2012).”
• Subjective Knowledge in Consumer Financial Decisions (2013, background): “…of Marketing, Anderson School of Management (e-mail: sanjay.sood@anderson.ucla.edu), and Craig R. Fox is Professor of Strategy, Anderson School of Management, and Professor of Psychology, Department of Psychology (e-mail: craig.fox@anderson.ucla. edu), University of California, Los Angeles.”
• Financial Literacy, Financial Education, and Downstream Financial Behaviors (2014, background): “Meier (2011) argued that instrumenting for financial literacy is difficult due to the possibility of not controlling completely for omitted stable traits.”
• Lay Rationalism: Individual Differences in using Reason versus Feelings to Guide Decisions (2015, background): “This topic has attracted increasing attention from consumer researchers (Hershfield et al. 2011; Lynch and Zauberman 2006; McKenzie and Liersch 2011; Soman and Cheema 2011).”