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

Jiayi Balasuriya, Orla Gough and Kristina Vasileva

Economics Letters, 2014, vol. 125, issue 3, 396-399

Abstract: 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.

Keywords: Optimism; Pension decision; Psychology and economics (search for similar items in EconPapers)
JEL-codes: D1 E2 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:3:p:396-399

DOI: 10.1016/j.econlet.2014.10.012

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