winter Boutique Store Factory Banana Dress Republic Casual Hq8PAxq
Defined contribution (DC) pensions are an increasingly important means of financing retirement consumption. Because individuals often have substantial discretion over how much is contributed to their DC pension, studying DC contribution choices provides general insights into the determinants of individual economic decision-making. The literature has found strong deviations from many predictions of classical frictionless optimizing models. I provide an overview of the U.S. DC pension system and review the literature on the effect of matching contributions, automatic enrollment, active choice deadlines, choice overload, financial literacy, peer effects, mental accounting, and personal experience on individuals’ DC contributions.
The NBER H H H Casual amp;M Casual Boutique amp;M Boutique Casual amp;M Skirt Boutique Skirt Skirt Yd1wqv1 provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email.
Document Object Identifier (DOI): 10.3386/w21467
Published: James J. Choi, 2015. "Contributions to Defined Contribution Pension Plans," Annual Review of Financial Economics, vol 7(1), pages 161-178. citation courtesy of
Users who downloaded this paper also downloaded* these: