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

See all articles by Andrea Lippi

Andrea Lippi

Catholic University of the Sacred Heart of Milan - Catholic University of the Sacred Heart of Piacenza

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

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

Andrea Lippi (Contact Author)

Catholic University of the Sacred Heart of Milan - Catholic University of the Sacred Heart of Piacenza ( email )

Via Emilia Parmense, 84
Piacenza
Italy

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