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Pension Design and Structure: New Lessons from Behavioral Finance (Pension Research Council Series) - Hardcover

 
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Synopsis

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.

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About the Author


Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, and Executive Director of the Pension Research Council at the Wharton School of the 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...

Review


"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."--The Journal of Pension Economics and Finance


"Fifteen papers explore how real people behave with regard to retirement savings and provide key insights regarding pension plan design that can result in more savings and better...

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Pension Reseach Council
Published by Oxford University Press, 2004
ISBN 10: 0199273391 ISBN 13: 9780199273393
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Pension Reseach Council
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