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What Will My Account Really Be Worth? an Experiment on Exponential Growth Bias and Retirement Saving
Goda, Gopi Shah - 2012
Recent findings on limited financial literacy and exponential growth bias suggest saving decisions may not be optimal because such decisions require an accurate understanding of how current contributions can translate into income in retirement. This study uses a large-scale field experiment to...
Persistent link: https://www.econbiz.de/10013108601
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The Role of Time Preferences and Exponential-Growth Bias in Retirement Savings
Goda, Gopi Shah - 2015
There is considerable variation in retirement savings within income, age, and educational categories. Using a broad … retirement savings, even while controlling for measures of IQ and general financial literacy as well as a rich set of demographic … savings. We assess potential threats to a causal interpretation of our results with a hypothetical choice experiment and …
Persistent link: https://www.econbiz.de/10013017085
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Retirement Plan Type and Employee Mobility : the Role of Selection and Incentive Effects
Goda, Gopi Shah - 2013
Employer-provided pension plans may affect employee mobility both through an "incentive effect," where the bundle of benefit characteristics such as vesting rules, pension wealth accrual, risk, and liquidity affect turnover directly, and a "selection effect," where employees with different...
Persistent link: https://www.econbiz.de/10013084739
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Incorporating Employee Heterogeneity into Default Rules for Retirement Plan Selection
Goda, Gopi Shah - 2010
We study the effect of incorporating heterogeneity into default rules by examining the choice between retirement plans at a firm which transitioned from a defined benefit (DB) to a defined contribution (DC) plan. The default plan for existing employees varied discontinuously depending on their...
Persistent link: https://www.econbiz.de/10013141889