Purpose: This paper evaluates potential methods for reducing ambiguity surrounding returns on equity to improve long-term savings decisions. Design/methodology/approach: We evaluate 221 undergraduate students in the US and first assess the degree of ambiguity aversion exhibited by individuals...

Purpose: The purpose of this paper is to investigate how the 401(k) auto-enrollment rate influences the size of elected contribution rates in defined contribution plans for new, young enrollees. Design/methodology/approach: The authors survey 324 undergraduate students at a mid-sized Midwestern...