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Nudgen für die Rentenentscheidung im Vereinigten Königreich – Implikationen für die Privatisierung der Rentenpolitik

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  2. Economics, Finance, Business & Management
  3. Vierteljahrshefte zur Wirtschaftsforschung
  4. Vol. 87, Issue 2
  5. pp. 65–76

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Duch, R., Ehret, S. Nudgen für die Rentenentscheidung im Vereinigten Königreich – Implikationen für die Privatisierung der Rentenpolitik. Vierteljahrshefte zur Wirtschaftsforschung, 87(2), 65-76. https://doi.org/10.3790/vjh.87.2.65
Duch, Raymond M. and Ehret, Sönke "Nudgen für die Rentenentscheidung im Vereinigten Königreich – Implikationen für die Privatisierung der Rentenpolitik" Vierteljahrshefte zur Wirtschaftsforschung 87.2, 2018, 65-76. https://doi.org/10.3790/vjh.87.2.65
Duch, Raymond M./Ehret, Sönke (2018): Nudgen für die Rentenentscheidung im Vereinigten Königreich – Implikationen für die Privatisierung der Rentenpolitik, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 87, iss. 2, 65-76, [online] https://doi.org/10.3790/vjh.87.2.65
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Nudgen für die Rentenentscheidung im Vereinigten Königreich – Implikationen für die Privatisierung der Rentenpolitik

Duch, Raymond M. | Ehret, Sönke

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 87 (2018), Iss. 2 : pp. 65–76

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/vjh.87.2.65
Language
German
Pages
12
Keywords

Author Details

Raymond M. Duch, Nuffield College, University of Oxford

Sönke Ehret, Nuffield College, University of Oxford

References

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  28. Inderst, Roman und Marco Ottaviani (2012): Financial advice. Journal of Economic Literature, 50 (2), 494–512.  Google Scholar
  29. Hastings, Justine S. und Olivia S. Mitchell (2011): How financial literacy and impatience shape retirement wealth and investment behaviors. NBER Working Paper 16740. Cambridge, MA.  Google Scholar
  30. Hastings, Justine S., Brigitte C. Madrian und William L. Skimmyhorn (2013): Financial literacy, financial education, and economic outcomes. Annual Review of Economics, 5 (1), 347–373.  Google Scholar
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  32. Gabaix, Xavier und David Laibson (2006): Shrouded attributes, consumer myopia, and information suppression in competitive markets. The Quarterly Journal of Economics, 121 (2), 505–540.  Google Scholar
  33. Fonseca, Raquel, Kathleen. J. Mullen, Gema Zamarro und Julie Zissimopoulos (2010): What explains the gender gap in financial literacy? RAND Working Paper WR-762.  Google Scholar
  34. Fernandes, Daniel, John G. Lynch Jr. und Richard G. Netemeyer (2014): Financial literacy, financial education, and downstream financial behaviors. Management Science, 60 (8), 1861–1883.  Google Scholar
  35. Financial Conduct Authority (2018): Retirement Outcome Review final report. FCA Market Studies MS16/1.3. June 2018. www.fca.org.uk/publication/market-studies/ms16-1-3.pdf  Google Scholar
  36. Financial Conduct Authority (2014): Thematic review of annuities, TR 14/2, February.  Google Scholar
  37. Collins, J. Michael (2012): Financial advice: A substitute for financial literacy? Financial Services Review, 21 (4), 307–322.  Google Scholar
  38. Bhargava, Saurabh, George Loewenstein und Shlomo Benartzi (2016): The cost of poor health plan choices. Behavioral Science and Policy.  Google Scholar

Abstract

Over the last decades, politics in the UK has shifted away its focus from government-managed pensions to privatized pension solutions and services. In turn, ?nancial literacy has become a critical issue for consumers, politicians and regulation agencies. The precise experimental examination of website regulation used to compare investment and pension products, as well as the design and presentation of product information through nudging become new ?elds of activity for regulatory agencies. We have undertaken a number of experimental projects on consumer decision making on pension product markets for U.K. authorities. These experiments used informational nudges. A key finding that we have gained from these studies is that personalized nudges tailored to individual demographic factors effectively encourage comparison of pension products. However, we were not able to determine a clear influence on the pension decision by the individual financial literacy.

Table of Contents

Section Title Page Action Price
Raymond M. Duch / Sönke Ehret: Nudgen für die Rentenentscheidung im Vereinigten Königreich – Implikationen für die Privatisierung der Rentenpolitik 1
Zusammenfassung 1
Summary 1
1 Einleitung 2
Kasten 1: Das britische System der privaten Altersvorsorge 2
2 Experiment zur Informationssuche 3
3 Experiment zur Entscheidungsumgebung 6
4 Finanzielle Kompetenz und finanzielle Entscheidungsfindung 9
5 Fazit 1
Literaturverzeichnis 1

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