Multiple information search and employee participation in occupational pension plans
AbstractMultiple searches for information can increase individual participation in occupational pension programs. This paper tests hypotheses derived from transaction cost theory and search theory to explain the formation of information networks on pensions. Using a dataset representative of the German population, we empirically investigate the determinants of network formation with respect to information about occupational pensions. We find that transaction costs, provision of information by the employer, quality of the intermediary, and subjective concern with this topic increase willingness to participate in a network and increase the number of network partners. --
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Bibliographic InfoPaper provided by University of Rostock, Institute of Economics in its series Thuenen-Series of Applied Economic Theory with number 114.
Date of creation: 2010
Date of revision:
information search; occupational pensions; network formation;
Find related papers by JEL classification:
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
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