全球智库信息集成服务系统(G2TT): Pension Plan Characteristics and Framing Effects in Employee Savings Behavior

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w13275
来源ID	Working Paper 13275
	Pension Plan Characteristics and Framing Effects in Employee Savings Behavior
	David Card; Michael Ransom
发表日期	2007-07-20
出版年	2007
语种	英语
摘要	In this paper we document the importance of framing effects in the retirement savings decisions of college professors. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings model predicts a "dollar-for-dollar" tradeoff between supplemental savings and the combined regular pension contributions made on behalf of an employee. Contrary to this prediction, we estimate that each additional dollar of employee contributions leads to a 70 cent reduction in supplemental savings, whereas each dollar of employer contributions generates only a 30 cent reduction. The asymmetry - which is consistent with different "mental accounts" for employer and employee contributions - provides further evidence of the sensitivity of individual savings decisions to the precise details of their pension plan.
主题	Microeconomics ; Behavioral Economics ; Financial Economics ; Financial Institutions ; Labor Economics ; Labor Supply and Demand
URL	https://www.nber.org/papers/w13275
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/570946
推荐引用方式 GB/T 7714	David Card,Michael Ransom. Pension Plan Characteristics and Framing Effects in Employee Savings Behavior. 2007.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w13275.pdf（89KB）	智库出版物		限制开放	CC BY-NC-SA	浏览