未定义的收益：作为退休累积指南的预测和锚点

IF 4.7 2区经济学 Q1 BUSINESS, FINANCE

Journal of Behavioral and Experimental Finance Pub Date : 2025-09-26 DOI:10.1016/j.jbef.2025.101113

Ben R. Newell , Hazel Bateman , Loretti Dobrescu , Jake Embrey , Rochelle Nian , Susan Thorp

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引用次数: 0

摘要

大多数固定缴款退休收入制度都假设，即将退休的参与者有知识和信心将他们的一次性储蓄转化为终身收入。退休的固定缴款参与者惊人的缓慢提款让人对这一假设产生了怀疑。在本研究中，我们进行了三轮实验室现场实验，为即将退休的固定缴款计划参与者提供有关提取计划的更新信息。我们的研究表明，收入预测会导致略高的退出率，但这种影响主要由收入锚定决定。通过互动教育工具为参与者提供基本信息和参与决策过程的机会，有可能改善他们的退休福利。

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Undefined benefit: Projections and anchors as guides to retirement decumulation

Most defined contribution retirement income systems assume that retiring participants have the know-how and confidence to turn their lump sum savings into life-long income. Surprisingly slow withdrawals by retired defined contribution participants cast doubt on this assumption. In this study, we conduct three rounds of lab-in-the-field experiments that give near-to-retirement defined contribution plan participants updating information about withdrawal plans. We show that income projections induce slightly higher rates of withdrawal but this influence is dominated by income anchors. Supporting participants with basic information and the opportunity to engage in the decision process through interactive education tools has the potential to improve their wellbeing in retirement.

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来源期刊

Journal of Behavioral and Experimental Finance BUSINESS, FINANCE-

CiteScore

13.20

自引率

6.10%

发文量

审稿时长

69 days

期刊介绍： Behavioral and Experimental Finance represent lenses and approaches through which we can view financial decision-making. The aim of the journal is to publish high quality research in all fields of finance, where such research is carried out with a behavioral perspective and / or is carried out via experimental methods. It is open to but not limited to papers which cover investigations of biases, the role of various neurological markers in financial decision making, national and organizational culture as it impacts financial decision making, sentiment and asset pricing, the design and implementation of experiments to investigate financial decision making and trading, methodological experiments, and natural experiments. Journal of Behavioral and Experimental Finance welcomes full-length and short letter papers in the area of behavioral finance and experimental finance. The focus is on rapid dissemination of high-impact research in these areas.