EconPapers    
Economics at your fingertips  
 

Preferences for government regulation of pensions: What I want for myself and what I want for others

Carmen Sainz Villalba and Kai A. Konrad

Journal of Behavioral and Experimental Finance, 2024, vol. 44, issue C

Abstract: This paper analyzes how financial literacy and the perception of own eccentricity in pension preferences relates to citizens’ desire to make own choices or to delegate these to the government. It also considers how these factors relate to what regulation citizens want for their co-citizens, and to what extent the regulation they want for themselves relates to the regulation they want for others. We find that respondents with more financial knowledge want less government regulation. Furthermore, those that perceive themselves as having different preferences than the average population want less government regulation. The amount of regulation that respondents want for themselves is highly correlated with what they want for others. However, some respondents hold different preferences for themselves than for others. Specifically, those that want less government regulation for themselves and have more financial knowledge want, on average, more government regulation for others.

Keywords: Pensions; Savings; Pension regulation; Paternalism; Autonomy; Delegation; Financial literacy; Knowledge; Eccentricity (search for similar items in EconPapers)
JEL-codes: D03 D78 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214635024000856

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:44:y:2024:i:c:s2214635024000856

DOI: 10.1016/j.jbef.2024.100970

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-06-07
Handle: RePEc:eee:beexfi:v:44:y:2024:i:c:s2214635024000856