March 2022
17Mar

A Descriptive Analysis on Effect of Corporate Governance on Investor’s Decision

By Dsouza Prima Frederick The article studies the impact of internal factors and external factors influencing an investor’s investment decision. The information for the study was obtained from secondary sources like journal papers, magazines and books. Human psychology has an internal role in investing choice, whereas corporate governance is an external influence. Corporate governance plays a major role in the investment decision-making process by revealing all elements of business information, but investors understand the information according to their own assessments and assumptions...

March 17, 2022
Artículos, Investment, ,
Read more...
Exponential Growth Bias and the Law: Why Do We Save Too Little, Borrow Too Much, and Fail to React on Time to Deadly Pandemics and Climate Change?
10Mar

Exponential Growth Bias and the Law: Why Do We Save Too Little, Borrow Too Much, and Fail to React on Time to Deadly Pandemics and Climate Change?

By Doron Teichman & Eyal Zamir Many human decisions, ranging from the taking of loans with compound interest to fighting deadly pandemics, involve phenomena that entail exponential growth. Yet a wide and robust body of empirical studies demonstrates that people systematically underestimate exponential growth. This phenomenon, dubbed the exponential growth bias (EGB), has been documented in numerous contexts, across different populations, using both experimental and observational methods. Despite its centrality to human decision making, legal scholarship has thus far failed to...

March 10, 2022
Articles, Pension design, Savings, ,
Read more...
The Impacts of Matching Contributions on Retirement Savings: Evidence from a Quasi-Natural Experiment in Turkey
03Mar

The Impacts of Matching Contributions on Retirement Savings: Evidence from a Quasi-Natural Experiment in Turkey

By Sadettin Haluk Çitçi & Halit Yanikkaya Using a dataset containing information for more than 39 million contracts and a quasi-experimental design provided by national matching contribution policy reform in Turkey, we study the effects of matching contributions on saving outcomes and determine heterogeneities in responses to matching contribution. Differences-in-differences estimations show that the program leads to a substantial rise in contributions paid. The matching contribution policy raises contributions paid by 18 percent. Moreover, after 30 percent sharp rise in...

March 3, 2022
Articles, Savings, ,
Read more...

January 2022
28Jan

Managing Misbehavior: Rational Choice in an Uncertain Retirement

By Rene Martel, Jennifer Gongola, sean klein, Avi Sharon Behavioral science has helped encourage better behaviors for many investors who are accumulating savings for retirement. This paper investigates the application of behavioral science to decumulation to help investors make better choices and maintain quality of life in retirement. We conducted a proprietary research study, collecting more than 750 responses from affluent and high-net-worth investors in the United States age 55 and older. The results identify key behavioral influences linked to...

January 28, 2022
Articles, Payout, Savings, , ,
Read more...
28Jan

Financial Attitude and Pension Savings Among Informal Economy Workers in Ghana: Application of the Theory of Planned Behaviour

By Dominic Buer Boyetey, Francis Enu-Kwesi The Theory of Planned Behaviour (TPB) was applied to examine the financial attitude of informal economy workers in pension saving. This was against the background that informal economy workers were left out of formal pension schemes while micro pension schemes (MPS) remain as options that can guarantee economic security after retirement for people with the right financial attitudes. We used interview schedules and interview guides to collect quantitative and qualitative responses concurrently on key...

January 28, 2022
Articles, , ,
Read more...

December 2021
29Dec

Choice Overload? Participation and Asset Allocation in French Employer-Sponsored Saving Plans

By Marie Briere, James M. Poterba & Ariane Szafarz This paper employs administrative data from one of the largest plan providers in France to investigate the role of plan and default characteristics in affecting whether employees participate in the plan and whether they accept its default investment option. The dataset includes information on the saving choices of 680,392 active employees at 1,610 firms. French employers have wide discretion in structuring employee saving plans. All plans must offer medium-term investments, which...

December 29, 2021
Articles, Pension design, , ,
Read more...

November 2021
26Nov

Retirement Confidence Survey

By Employee Benefit Research Institute & Greenwald Research   The RCS is the longest-running survey of its kind, measuring worker and retiree confidence about retirement, and is conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research. The 2021 survey of 3,017 Americans was conducted online January 5 through January 25, 2021. All respondents were ages 25 or older. The survey included 1,507 workers and 1,510 retirees — which includes an oversample of roughly 500 completed surveys among Black Americans (252 workers and 253 retirees) and roughly...

November 26, 2021
Books, Pension design, , , ,
Read more...

October 2021
15Oct

Use positivity to beat savers’ pensions defeatism

Pension scheme communications need to focus on members’ progress and the steps they can take to improve income, rather than barriers they could face without action, Nest Insight research finds. Members can be put off by current communications that present barriers in terms of a lack of affordability, a feeling of being overwhelmed, and low confidence - all of which contribute to a "sense of defeatism". Small Steps to a Better Future, written in conjunction with Invesco and Maslanksy + Partners,...

October 15, 2021
News, Slider,
Read more...

September 2021
03Sep

Why pensions engagement can’t wait for your retirement

Prospect pensions officer Stewart Mott looks ahead to the events that Prospect will be holding to mark Pensions Awareness Day later this month and explains why, even though your retirement might seem far off, it is still important that you start engaging with your pension now. It’s easy to neglect our pensions, we save for retirement over many years, and often don’t have a reason to engage with our pension unless we are moving to a new employer. Pension Awareness Day...

September 3, 2021
News, Slider, , ,
Read more...

August 2021
12Aug

Using Fresh Starts to Nudge Increased Retirement Savings

By John Beshears, Hengchen Dai, Katherine L. Milkman & Shlomo benartzi We conducted a field experiment to study the effect of framing future moments in time as new beginnings (or “fresh starts”). University employees (N=6,082) received mailings with an opportunity to choose between increasing their contributions to a savings plan immediately or at a specified future time point. Framing the future time point in relation to a fresh start date (e.g., the recipient’s birthday, the first day of spring) increased...

August 12, 2021
Articles, Pension design, Savings,
Read more...