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51 358 Ft
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Product details:
- Publisher OUP Oxford
- Date of Publication 15 July 2004
- ISBN 9780199273393
- Binding Hardback
- No. of pages314 pages
- Size 242x163x24 mm
- Weight 645 g
- Language English
- Illustrations Numerous figures and tables 0
Categories
Short description:
Employees are being given more and more decisions to make with regards to their pension and healthcare plans. Yet increasing research in the social sciences shows that the decisions 'real' people make are not those of the thoughtful and well-informed economic agent often portrayed in economic research, but are often based on flawed information and made without a full understanding of their financial implications. The contributors to Pension Design and Structure explore the assumptions behind commonly-held theories of retirement decision-making, and the consequences of the growing volume of research in behavioural finance and economics for the field of pension research. Contributors are drawn from a variety of disciplines, and include leading pensions experts.
MoreLong description:
Employees are increasingly asked to make sophisticated decisions about their pension and healthcare plans. Yet recent research shows that the decisions 'real' people make are often not those of the careful and well-informed economic agent conventionally portrayed in economic research. Rather, decision-makers tend to operate with flawed information and make some of the most critical financial decisions of their lives lacking a full understanding of the options before them and the implications of their decisions.
Pension Design and Structure explores the assumptions behind commonly-held theories of retirement decision-making, in order to draw out the consequences of frontier research in behavioral finance and economics for those interested in better design and structure of retirement pensions. Using large datasets newly provided by financial service firms and real-world experiments, this volume tests the hypotheses of this research.
This is the first book to explore the implications of behavioral finance research for pensions and retirement studies. The authors blend cutting-edge research from several fields including Finance, Economics, Management, Sociology, and Psychology. The book will be of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators.
Overall, the book is of a very high standard...This is certainly a book I will appreciate owning and sharing with colleagues.
Table of Contents:
Research on Decision-Making Under Uncertainty
Lessons From Behavioural Fianance for Retirement Plan Design
Motivating Retirement Planning: Problems and Solutions
Who's Afraid of a Poor Old Age? Risk Perception and Risk Management Decisions
Behavioral Portfolios: Hopes for Riches and Protection from Poverty
Implications for Retirement Plan Design
How Much Choice is Too Much? Contributions to 401(k) Retirement Plans
'Money Attitudes' and Retirement Plan Design: One Size Does Not Fit All
Employee Investment Decisions About Company Stock
Implications of Information and Social Interactions for Retirement Saving Decisions
Consequences for Retirement Education
Saving and the Effectiveness of Financial Education
Sex Differences, Financial Education, and Retirement Goals
The Impact of Advice on Employee Behavior and Retirement Prospects
Adult Learning Principles and Pension Participant Behavior
Implications for Retirement Payouts
How Do Retirees Go From Stock to Flow?
Annuities and Retirement Satisfaction
Perceptions of Mortality Risk: Implications for Annuities
