Do optimists plan for retirement? A behavioural explanation for non-participation in pension schemes

This paper investigates the relationship between financial optimism and non-participation in pension schemes in the UK. We show that financial optimism reduces the probability of employees joining employer run pension schemes and also the probability of the self-employed subscribing to private pension plans.

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Year of publication:	2014
Authors:	Balasuriya, Jiayi ; Gough, Orla ; Vasileva, Kristina
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 3, p. 396-399
Publisher:	Elsevier
Subject:	Optimism \| Pension decision \| Psychology and economics

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Type of publication:	Article
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; D1 - Household Behavior and Family Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011116206