Bütler, Monika (contributor); Teppa, Federica (contributor) - 2005
annuity and a lump sum at retirement. Our analysis suggests the existence of an acquiescence biasʺ, meaning that a majority of …We use a unique dataset on individual retirement decisions in Swiss pension funds to analyze the choice between an … retirees chooses the standard option offered by the pensions fund or suggested by common practice. Small levels of accumulated …