Wong, Ricky S.; Wong, Wai Hung - In: International Journal of Business and Economics 13 (2014) 2, pp. 93-113
This paper investigates the effect of subadditivity on how individuals allocate their savings to the Mandatory Provident Fund (MPF) scheme. Findings indicated that when an MPF category is unpacked into its subcategories, individuals tend to allocate a higher percentage of their savings to that...