Do you look forward to retirement? Motivational biases in pension decisions
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2012-05-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S1930297500002254/type/journal_article |
| _version_ | 1797697910411886592 |
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| author | Tehila Kogut Momi Dahan |
| author_facet | Tehila Kogut Momi Dahan |
| author_sort | Tehila Kogut |
| collection | DOAJ |
| description | 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 self-report survey examining the decision process of different decision contexts in life, including pension decisions. Overall, participants showed low motivation to engage in the process of choosing a private pension plan, compared to their motivation to engage in other decision tasks. However, economists invested more in the decision process and showed greater satisfaction from their decision regarding their pension plan when they had a more positive perception of pensions. This perception is represented by higher subjective likelihood of receiving pension allowances for a long period, and by a profitable view of the balance between current payments and expected incomes from pension saving. |
| first_indexed | 2024-03-12T03:46:42Z |
| format | Article |
| id | doaj.art-9c600cceec914255817522d296242ab4 |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T03:46:42Z |
| publishDate | 2012-05-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-9c600cceec914255817522d296242ab42023-09-03T12:44:19ZengCambridge University PressJudgment and Decision Making1930-29752012-05-01728229110.1017/S1930297500002254Do you look forward to retirement? Motivational biases in pension decisionsTehila Kogut0Momi Dahan1Department of Education, Ben-Gurion University of the Negev, Beer-Sheva, Israel, 84105School of Public Policy, The Hebrew University of JerusalemThis 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 self-report survey examining the decision process of different decision contexts in life, including pension decisions. Overall, participants showed low motivation to engage in the process of choosing a private pension plan, compared to their motivation to engage in other decision tasks. However, economists invested more in the decision process and showed greater satisfaction from their decision regarding their pension plan when they had a more positive perception of pensions. This perception is represented by higher subjective likelihood of receiving pension allowances for a long period, and by a profitable view of the balance between current payments and expected incomes from pension saving.https://www.cambridge.org/core/product/identifier/S1930297500002254/type/journal_articlePension decisionssubjective perceptionsmotivational biases |
| spellingShingle | Tehila Kogut Momi Dahan Do you look forward to retirement? Motivational biases in pension decisions Judgment and Decision Making Pension decisions subjective perceptions motivational biases |
| title | Do you look forward to retirement? Motivational biases in pension decisions |
| title_full | Do you look forward to retirement? Motivational biases in pension decisions |
| title_fullStr | Do you look forward to retirement? Motivational biases in pension decisions |
| title_full_unstemmed | Do you look forward to retirement? Motivational biases in pension decisions |
| title_short | Do you look forward to retirement? Motivational biases in pension decisions |
| title_sort | do you look forward to retirement motivational biases in pension decisions |
| topic | Pension decisions subjective perceptions motivational biases |
| url | https://www.cambridge.org/core/product/identifier/S1930297500002254/type/journal_article |
| work_keys_str_mv | AT tehilakogut doyoulookforwardtoretirementmotivationalbiasesinpensiondecisions AT momidahan doyoulookforwardtoretirementmotivationalbiasesinpensiondecisions |