Default Bias or No Default Bias? Evidence From Decisions Regarding Occupational Pension Fund Enrollment in Italy
Journal of Governance and Regulation / Volume 2, Issue 3, 2013
11 Pages Posted: 28 Sep 2016
Date Written: January 5, 2013
Abstract
If forced to choose a supplementary pension fund, people will decide not to decide, accepting decisions made for them by others (default bias), reaching a status quo position. This study analyses whether the status quo position achieved via the default option in Italian occupational pension funds is later changed over the period studied (2007-2011), and the factors influencing any change.
Keywords: Decision Making; Pension Funds; Default Option; Status Quo Bias
JEL Classification: G02, G11, G23
Suggested Citation: Suggested Citation
Lippi, Andrea, Default Bias or No Default Bias? Evidence From Decisions Regarding Occupational Pension Fund Enrollment in Italy (January 5, 2013). Journal of Governance and Regulation / Volume 2, Issue 3, 2013, Available at SSRN: https://ssrn.com/abstract=2844080 or http://dx.doi.org/10.2139/ssrn.2844080
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