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Zusatztext In a very readable way, the authors overview the whole field and offer concise conclusions for pension plan design...Overall, the book is of a very high academic standard, as one would anticipate from this series. Informationen zum Autor Olivia S. Mitchell is Executive Director of the Pension Research Council, Wharton School, University of Pennsylvania , and also a Research Associate at the National Bureau of Economic Research. Her academic research explores private and publica insurance, risk management, public finance and labour markets, and compensation and pensions, with both a US and international focus. She recently served on President Bush's Commission to Strengthen Social Security.Stephen P. Utkus is the Director of the Vanguard Center for Retirement Research, where he conducts and sponsors research on retirement savings and retirement benefits. His current reserach interests include attitudes and expectations regarding retirement, financial markets, and employer-sponsored retirement plans; the psychological and behavioral aspects of participant decision-making; trading and investment behavior among retirement plan participants; fiduciary issues arising from retirement programs; and global trends in public and private pension plans. Mr Utkus is a member of the advisory board of the Wharton Pension Research Council, and he is currently a Visiting Scholar at The Wharton School. Klappentext 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 economicresearch! 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 behavioral finance and economics for the field of pension research. Using large datasets newly provided byfinancial 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! and uses frontier research from several fields! including Finance! Economics! Management! Sociology! and Psychology. Contributors include leading pensions experts. Zusammenfassung Explores the assumptions behind theories of retirement decision-making. This book examines the implications of behavioral finance research for pensions and retirement studies. It is of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators....
