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Cited by 68Financial Literacy, Pension, Retirement AnalysisRetirement, Disability, and EmploymentDecision-Making and Behavioral Economics

The DOI matches its Crossref record; 23 of the 27 references it cites were found in a registry or an index.

What You Don't Know Can't Help You: Pension Knowledge and Retirement Decision-Making

Open access
Chan, Sewin, Stevens, Ann Huff·2008·Review of Economics and Statistics
DOI 10.1162/rest.90.2.253
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Abstract

This paper provides an answer to an important empirical puzzle in the retirement literature: while most people know little about their own pension plans, retirement behavior is strongly affected by pension incentives. We combine administrative and self-reported pension data to measure the retirement response to actual and perceived financial incentives and document an important role for self-reported pension data in determining retirement behavior. Well-informed individuals are far more responsive to pension incentives than the average individual. Ill-informed individuals seem to respond systematically to their own misperceptions of pension incentives.

Overview

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Registry

Crossref · 10.1162/rest.90.2.253

Cites

23 of 23 references verified0 citation errors · 0 not checkable

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Claims other papers make about this one

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  • Financial literacy is positively related to savings behavior.

    “A related strand of literature has also documented a positive relation between financial literacy and savings behavior (e.g., Lusardi and Mitchell 2011c;Chan and Stevens 2008;Behrman et al. 2012), i.e. providing additional evidence that financially literate individuals exhibit a greater tendency to plan ahead.”

    From Financial literacy, financial advice, and financial behavior (2017) · cites this paper as Chan and Stevens 2008

Citations

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4 of the 27 references couldn’t be matched to a known paper.

Research works printed but not linked: 1

  1. Gustman Alan L, 2001, Social Security Bulletin, 64, 66

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Metadata

Authors
Chan, S., & Stevens, A. H.
Affiliations
  • New York University (US)
  • National Bureau of Economic Research (US)
Venue
Review of Economics and Statistics
Publisher
MIT Press
Published
2008-05
Volume
90
Issue
2
Pages
253-266
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
DOI
10.1162/rest.90.2.253
OpenAlex
W2045569368
Cited by
68
References
27
Citations by year
2024: 4 · 2023: 1 · 2021: 3 · 2020: 1 · 2018: 1 · 2017: 3 · 2016: 6 · 2014: 4 · 2013: 5 · 2012: 3
FWCI
12.32
Type
journal article
Language
en
Open access
Locations
  • The Review of Economics and Statistics (publishedVersion)
  • National Bureau of Economic Research (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Demography › Retirement, Disability, and Employment
  • Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
Keywords
retirement behavior, pension knowledge, pension incentives, retirement decisions, misunderstanding, pension plans

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