Pension design and structure : new lessons from behavioral finance

By Olivia S. Mitchell, Stephen Utkus. 2004

238 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e3668fe2c9f75f2fa494b916477ec28cb298b5d1

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Citations in the corpus

Individual Account Investment Options and Portfolio Choice: Behavioral Lessons from 401(K) Plans (2007, unknown): “Madrian and Shea (2001), Agnew et al. (2003), and Choi et al. (2004a) document the importance of plan design and employee inertia as they show that many new plan participants invest in the plan's default investment option and are slow to move out of that option for potentially higher-return assets.”
Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth (2006, unknown): “To this end, some firms have offered their employees retirement seminars (Lusardi, 2004), and financial advice provision has been made more feasible by the new Pension Protection Act of 2006.”
Motivation and financial literacy (2007, background): “Bayer, Bernheim and Scholz (1996) found that employer retirement seminars increased both participation in and contributions to voluntary savings plans and Lusardi (2004) found this to be particularly true for older workers who, presumably, had higher levels of motivation.”
The Inattentive Participant: Portfolio Trading Behavior in 401(K) Plans (2006, background): “Conversely, people who invest in their own employer’s stock may trade more if they believe they can outperform market indexes or if they have “inside” information (Mitchell and Utkus, 2004).”
Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study (2011, result): “Fourth, in contrast to many previous studies on choice overload (Iyengar, Huberman, and Jiang 2004; Iyengar and Lepper 2000) where participants had an option to postpone choice or not select anything at all and where participants faced unfamiliar items, we forced individuals to make a decision in…”