This article investigates the relationship between financial optimism and individuals' pension choice in the UK. The authors used a comprehensive framework for measuring financial optimism and found that the firms that optimists work for are significantly less likely to have pension schemes for...

This paper investigates the relationship between financial optimism and non-participation in pension schemes in the UK. We show that financial optimism reduces the probability of employees joining employer run pension schemes and also the probability of the self-employed subscribing to private...