The Effects of Myopia on Pension Decisions
Recent pensions policy debate in the United Kingdom has emphasised the role of behavioural myopia in justifying state involvement in retirement provision (e.g. Pensions Commission, 2005, pp. 68-69, and op.cit.). In this regard, it appears that public debate has gotten slightly ahead of the economic literature, as there currently exist very few studies that consider the empirical support for myopia on field data, or the practical implications of myopia for behavioural responses to policy alternatives. As a consequence, it is not possible to say how far myopia creates a need for publicly sponsored pensions,or whether a particular pension scheme is well suited to the needs of myopic individuals.
Year of publication: |
2010-06
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Authors: | Ven, Justin van de |
Institutions: | National Institute of Economic and Social Research |
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