Advanced Search
MyIDEAS: Login to save this book or follow this series

Pension Design and Structure: New Lessons from Behavioral Finance

Contents:

Editor Info

  • Mitchell, Olivia S.
    (Executive Director of the Pension Research Council, Wharton School, University of Pennsylvania)
  • Utkus, Stephen P.
    (Director of the Vanguard Center for Retirement Research, The Vanguard Group)

Additional information is available for the following registered editor(s):

Abstract

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. Contributors to this volume - John Ameriks, Senior Research Fellow, TIAA-CREF Institute James J. Choi, Harvard University Robert L. Clark, Professor of Business Management and Economics, North Carolina State University Madeleine B. d'Ambrosio, Vice President of TIAA-CREF and Executive Director of the TIAA-CREF Institute Matthew Drinkwater, Assistant Scientist, Retirement Research Unit, LIMRA International Esther Duflo, Castel Krob Career Development Associate Professor of Development Economics, MIT Gur Huberman, Professor, Graduate School of Business, Columbia University Wei Jiang, Assistant Professor of Finance, Columbia Business School David Laibson, Professor of Economics, Harvard University Annamaria Lusardi, Associate Professor of Economics, Dartmouth College Donna M. MacFarland, Senior Manager of the Institutional Marketing Research Department, Vanguard Brigitte Madrian, Associate Professor, Wharton School, University of Pennsylvania Carolyn D. Marconi, Principal, Marketing Research Group, Vanguard Ann A. McDermed, formerly of the College of Management, North Carolina State University Andrew Metrick, Associate Professor of Finance, Wharton School, University of Pennsylvania Olivia S. Mitchell, Executive Director of the Pension Research Council, Wharton School, University of Pennsylvania , Constantijn W. A. Panis, Senior Economist, RAND Emmanuel Saez, Assistant Professor of Economics, University of California-Berkeley Victor Saliterman, Senior Vice President, CIGNA Retirement & Investment Services, and President of CIGNA Financial Services Kshama Sawant, North Carolina State University Jason Scott, Director of Financial Research, Financial Engines Gary Selnow, Professor of Communication, San Fransisco State University, and Director of the World Internet Resources for Education and Development Sheena Sethi-Iyengar, Associate Professor of Management, Columbia Business School Barry G. Sheckley, Neag Professor of Adult Learning, Department of Educational Leadership, University of Connecticut Eric T. Sondergeld, Corporate Vice President and Director of Retirement Research, LIMRA Meir Statman, Glenn Klimek Professor of Finance, Santa Clara University Gregory Stein, Financial Development Group, Financial Engines Stephen P. Utkus, Director, Vanguard Center for Retirement Research Elke Weber, Professor of Management and Psychology, Columbia University, and Academic Director, Chazen Institute for International Business, Columbia Business School

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

as in new window
This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199273393 and published in 2004.

ISBN: 9780199273393
Order: http://ukcatalogue.oup.com/product/9780199273393.do
Handle: RePEc:oxp:obooks:9780199273393

Contact details of provider:
Web page: http://www.oup.com/

Order Information:
Web: http://www.oup.com/

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780199273393. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economics Book Marketing).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.