Do you look forward to retirement? Motivational biases in pension decisions

Do you look forward to retirement? Motivational biases in pension decisions

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This research examines the relationship between positive and negative perceptions of pensions and motivation to engage in the decision process of choosing a private pension plan, as well as satisfaction from the chosen pension plan, among trained economists. A sample of 134 economists completed a se...

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Bibliographic Details
Main Authors: Tehila Kogut, Momi Dahan
Format: Article
Language:English
Published: Cambridge University Press 2012-05-01
Series:Judgment and Decision Making
Subjects:
This research examines the relationship between positive and negativeperceptions of pensions and motivation to engage in the decisionprocess of choosing a private pension plan
as well as satisfactionfrom the chosen pension plan
among trained economists. A sample of134 economists completed a self-report survey examining the decisionprocess of different decision contexts in life
including pensiondecisions. Overall
participants showed low motivation to engage inthe process of choosing a private pension plan
compared to theirmotivation to engage in other decision tasks. However
economistsinvested more in the decision process and showed greater satisfactionfrom their decision regarding their pension plan when they had a morepositive perception of pensions. This perception is represented byhigher subjective likelihood of receiving pension allowances for along period
and by a profitable view of the balance between currentpayments and expected incomes from pension saving.Key words
Online Access:http://journal.sjdm.org/12/12215a/jdm12215a.pdf

Internet

http://journal.sjdm.org/12/12215a/jdm12215a.pdf

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