受欢迎但复杂的养老金选择?瑞典保费养老金制度的启示

Q3 Social Sciences Social Security Bulletin Pub Date : 2019-06-26 DOI:10.2139/ssrn.3208077
Monika Böhnke, E. Brüggen, Thomas Post
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引用次数: 5

摘要

我们分析了瑞典DC养老金计划成员的偏好和信念,瑞典是最早推出基于选择的资助个人养老金账户的国家之一。基于对2646名会员的调查,我们研究了选择过载、风险承受能力和主观知识对选择行为和财务幸福感的影响。我们发现,更多的风险厌恶者和知识不太渊博的成员倾向于投资于默认基金——然而,这是选择菜单上风险最大的基金之一。除了成员的风险偏好和投资选择之间的不匹配之外,我们发现这些成员更有可能对他们未来的财务状况感到消极。我们还发现财务福利与选择增值之间存在正相关关系,而选择基金的行为仅具有较小的影响。
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Appreciated but Complicated Pension Choices? Insights from the Swedish Premium Pension System
We analyze preferences and beliefs of members in a DC pension scheme from Sweden, one of the first countries that launched choice-based funded individual pension accounts. Based on a survey among 2,646 members, we study the effect of choice overload, risk tolerance, and subjective knowledge on choice behavior and financial well-being. We find that more risk-averse and less knowledgeable members tend to invest in the default fund – a fund that is, however, one of the riskiest options on the choice menu. On top of this mismatch between members’ risk preferences and their investment choices, we find those members are more likely to feel negative about their future financial well-being. We also find a positive correlation between financial well-being and choice appreciation, whereas the act of choosing a fund has only minor impact.
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来源期刊
Social Security Bulletin
Social Security Bulletin Social Sciences-Social Sciences (miscellaneous)
CiteScore
0.70
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0.00%
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