Loading...
Please wait, while we are loading the content...
Similar Documents
Understanding Default Behaviour in Workplace Pensions: Automatic Enrolment in the UK.
| Content Provider | Scilit |
|---|---|
| Author | Robertson-Rose, Lynne |
| Copyright Year | 2019 |
| Description | This article examines the retirement savings behaviour of twenty-five 30-40 years olds automatically enrolled into a workplace pension scheme. Using qualitative interviews, the paper explores the interaction between savings motivation and willingness to adhere to, or deviate from, the pension scheme defaults. Integrating insights from different savings paradigms, including sociological approaches and behavioural economics, the paper highlights how social motives drove willingness to accept enrolment defaults. Participants’ reactions to the contribution defaults were motivated by a complex combination of factors including anchoring effects, the salience of ageing, and emotional responses such as pride, uncertainty and loss aversion. The author’s main premise is that greater attention needs to be given to the interaction between subjective feelings about saving for retirement and pension scheme design. |
| Related Links | https://www.cambridge.org/core/services/aop-cambridge-core/content/view/0FF521D34BC932CAA89D9A8EE724C03A/S0047279419000813a.pdf/div-class-title-understanding-default-behaviour-in-workplace-pensions-automatic-enrolment-in-the-uk-div.pdf |
| Ending Page | 39 |
| Page Count | 19 |
| Starting Page | 21 |
| ISSN | 00472794 |
| e-ISSN | 14697823 |
| DOI | 10.1017/s0047279419000813 |
| Journal | Journal of Social Policy |
| Issue Number | 1 |
| Volume Number | 50 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2021-01-01 |
| Access Restriction | Open |
| Subject Keyword | Journal of Social Policy Development Studies Automatic Enrolment Workplace Pensions Emotional Responses |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Administration Management, Monitoring, Policy and Law Social Work |
