We explore whether beneficiaries of pension plans should have a voice in the fund’s sustainable investments. We hypothesize that the answer to this question depends on a fund’s legal and societal contexts, benchmarking pressure, and fund-specific factors such as the fund’s size and the...

A lack of pension awareness undermines adequate savings decisions. To understand what motivates individuals to become informed about their pension situation, we conducted two field experiments with 226,946 and 257,433 pension fund participants, respectively. We find that lottery-type financial...