메뉴 건너뛰기




Volumn 33, Issue 3, 2005, Pages 519-532

Paradox of choice in a mandatory pension savings system: Challenges for Australian retirement income policy

Author keywords

Libertarian paternalism; Pensions; Retirement income policy; Superannuation

Indexed keywords

INVESTMENT; PENSION SYSTEM; RETIREMENT; SAVINGS;

EID: 22244444201     PISSN: 03055736     EISSN: None     Source Type: Journal    
DOI: 10.1332/0305573054325675     Document Type: Article
Times cited : (16)

References (37)
  • 2
    • 85080361018 scopus 로고    scopus 로고
    • 'Community attitudes to saving for retirement'
    • ANOP Research Services August
    • ANOP Research Services (2004) 'Community attitudes to saving for retirement', Australian Superannuation Funds of Australia, August.
    • (2004) Australian Superannuation Funds of Australia
  • 3
    • 85080408886 scopus 로고    scopus 로고
    • APRA (Australian Prudential Regulation Authority) October
    • APRA (Australian Prudential Regulation Authority) (2004) Superannuation trends - June quarter 2004, October.
    • (2004) Superannuation Trends - June Quarter 2004
  • 4
    • 84919507964 scopus 로고    scopus 로고
    • Pension Research Council Working Paper 2004-7, Pennsylvania, PA: Wharton School, University of Pennsylvania
    • Arnone, W.J. (2004) Educating pension plan participants, Pension Research Council Working Paper 2004-7, Pennsylvania, PA: Wharton School, University of Pennsylvania.
    • (2004) Educating Pension Plan Participants
    • Arnone, W.J.1
  • 6
    • 0007935565 scopus 로고    scopus 로고
    • 'Naïve diversification strategies in defined contribution savings plans'
    • Benartzi, S. and Thaler, R.H. (2001) 'Naïve diversification strategies in defined contribution savings plans', The American Economic Review, vol 91. no 1: 79-98.
    • (2001) The American Economic Review , vol.91 , Issue.1 , pp. 79-98
    • Benartzi, S.1    Thaler, R.H.2
  • 7
    • 0042090708 scopus 로고    scopus 로고
    • 'How much is invester autonomy worth?'
    • Benartzi, S. and Thaler, R.H. (2002) 'How much is invester autonomy worth?', The Journal of Finance, vol LVII, no 4: 1593-616.
    • (2002) The Journal of Finance , vol.57 , Issue.4 , pp. 1593-1616
    • Benartzi, S.1    Thaler, R.H.2
  • 8
    • 32744459788 scopus 로고    scopus 로고
    • 'A matter of choice'
    • 19 June (www.moneymanagement.com.au/articles/78/OcO17478.asp)
    • Bowman, L. (2003) 'A matter of choice', Money Management.com.au., 19 June (www.moneymanagement.com.au/articles/78/OcO17478.asp).
    • (2003) Money Management.com.au.
    • Bowman, L.1
  • 9
    • 32744472082 scopus 로고    scopus 로고
    • 'Informed superannuation choice: Constraints and policy resolutions'
    • Brown, K., Gallery, G. and Gallery, N. (2002) 'Informed superannuation choice: constraints and policy resolutions', Economic Analysis & Policy, vol 32, no 1:71-90.
    • (2002) Economic Analysis & Policy , vol.32 , Issue.1 , pp. 71-90
    • Brown, K.1    Gallery, G.2    Gallery, N.3
  • 10
    • 84992920914 scopus 로고    scopus 로고
    • 'Employees' choice of superannuation plan: Effects of risk transfer costs'
    • Brown, K., Gallery, G., Gallery, N. and Guest, R. (2004) 'Employees' choice of superannuation plan: effects of risk transfer costs', The Journal of Industrial Relations, vol 46, no 1: 1-20.
    • (2004) The Journal of Industrial Relations , vol.46 , Issue.1 , pp. 1-20
    • Brown, K.1    Gallery, G.2    Gallery, N.3    Guest, R.4
  • 11
    • 85080446424 scopus 로고    scopus 로고
    • CFL (Consumer and Financial Literacy) Taskforce Canberra: Commonwealth of Australia
    • CFL (Consumer and Financial Literacy) Taskforce (2004) Discussion paper: Australian consumers and money, Canberra: Commonwealth of Australia.
    • (2004) Discussion Paper: Australian Consumers and Money
  • 13
    • 0042844140 scopus 로고    scopus 로고
    • 'Defined contribution pensions: Plan rules, participant choices and the path of least resistance'
    • Choi, J.J., Laibson, D., Madrian, B. and Metrick, A. (2002b) 'Defined contribution pensions: plan rules, participant choices and the path of least resistance', Tax Policy and the Economy, vol 16: 67-113.
    • (2002) Tax Policy and the Economy , vol.16 , pp. 67-113
    • Choi, J.J.1    Laibson, D.2    Madrian, B.3    Metrick, A.4
  • 14
    • 85080396901 scopus 로고    scopus 로고
    • Sydney: ASFA Research Centre, Association of Superannuation Funds of Australia
    • Clare, R. (1999) Superannuation contributions: Recent trends, Sydney: ASFA Research Centre, Association of Superannuation Funds of Australia.
    • (1999) Superannuation Contributions: Recent Trends
    • Clare, R.1
  • 16
    • 85080420427 scopus 로고
    • EPAC (Economic Planning Advisory Council) Discussion Paper 89/04, Canberra: Australian Government Publishing Services
    • EPAC (Economic Planning Advisory Council) (1989) Australian retirement income policy: Towards 2000, Discussion Paper 89/04, Canberra: Australian Government Publishing Services.
    • (1989) Australian Retirement Income Policy: Towards 2000
  • 17
    • 84880790533 scopus 로고    scopus 로고
    • 'Academics' educated choice: No thanks'
    • July
    • Gallery, N., Gallery, G. and Brown, K. (2000) 'Academics' educated choice: no thanks', Superfunds, July: 22-6.
    • (2000) Superfunds , pp. 22-26
    • Gallery, N.1    Gallery, G.2    Brown, K.3
  • 19
  • 20
    • 0034571771 scopus 로고    scopus 로고
    • 'When choice is demotivating: Can one desire too much of a good thing?'
    • Iyengar, S.S. and Lepper, M.R. (2000) 'When choice is demotivating: can one desire too much of a good thing?'Journal of Personality and Social Psychology, vol 79, no 6: 995-1006.
    • (2000) Journal of Personality and Social Psychology , vol.79 , Issue.6 , pp. 995-1006
    • Iyengar, S.S.1    Lepper, M.R.2
  • 21
    • 0000125532 scopus 로고
    • 'Prospect theory: An analysis of decision under risk'
    • Kahneman, D. and Tversky A. (1979) 'Prospect theory: an analysis of decision under risk', Econometrica, vol 47, no 2: 263-91.
    • (1979) Econometrica , vol.47 , Issue.2 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 23
    • 0039888638 scopus 로고    scopus 로고
    • 'The power of suggestion: Inertia in 401(k) participation and savings behavior'
    • Madrian, B.C. and Shea, D.F. (2001) 'The power of suggestion: inertia in 401(k) participation and savings behavior', The Quarterly Journal of Economics, vol CXVI, no 4: 1149-87.
    • (2001) The Quarterly Journal of Economics , vol.116 , Issue.4 , pp. 1149-1187
    • Madrian, B.C.1    Shea, D.F.2
  • 24
    • 32644475799 scopus 로고    scopus 로고
    • 'Lessons from behavioral finance for retirement plan design'
    • O. Mitchell and S. Utkus (eds) Oxford: Oxford University Press
    • Mitchell, O. and Utkus, S. (2004) 'Lessons from behavioral finance for retirement plan design', in O. Mitchell and S. Utkus (eds) Pension design and structure: New lessons from behavioral finance, Oxford: Oxford University Press: 3-42.
    • (2004) Pension Design and Structure: New Lessons from Behavioral Finance , pp. 3-42
    • Mitchell, O.1    Utkus, S.2
  • 25
    • 0001827077 scopus 로고
    • 'Utility analysis and the consumption function: An interpretation of cross-section data'
    • K.K. Kurihara (ed) New Brunswick, NJ: Rutgers University Press
    • Modigliani, F. and Brumberg, R. (1954) 'Utility analysis and the consumption function: an interpretation of cross-section data', in K.K. Kurihara (ed) Post-Keynesian economics, New Brunswick, NJ: Rutgers University Press.
    • (1954) Post-Keynesian Economics
    • Modigliani, F.1    Brumberg, R.2
  • 27
    • 32744462141 scopus 로고    scopus 로고
    • 'How much choice is too much? Contributions to 401(k) retirement plans?'
    • O. Mitchell and S. Utkus (eds) Oxford: Oxford University Press
    • Sethi-lyengar, S.S., Huberman, G. and Jiang, W. (2004) 'How much choice is too much? Contributions to 401(k) retirement plans?', in O. Mitchell and S. Utkus (eds) Pension design and structure: New lessons from behavioral finance, Oxford: Oxford University Press: 83-96.
    • (2004) Pension Design and Structure: New Lessons from Behavioral Finance , pp. 83-96
    • Sethi-lyengar, S.S.1    Huberman, G.2    Jiang, W.3
  • 28
    • 84959810873 scopus 로고
    • 'A behavioral model of rational choice'
    • February
    • Simon, H.A. (1955) 'A behavioral model of rational choice', Quarterly Journal of Economics, vol 69, February: 99-118.
    • (1955) Quarterly Journal of Economics , vol.69 , pp. 99-118
    • Simon, H.A.1
  • 29
    • 85080406823 scopus 로고    scopus 로고
    • SSCS (Senate Select Committee on Superannuation) Canberra: Parliament of the Commonwealth of Australia
    • SSCS (Senate Select Committee on Superannuation) (1998) Twenty-eighth report: Choice of fund, Canberra: Parliament of the Commonwealth of Australia.
    • (1998) Twenty-Eighth Report: Choice of Fund
  • 31
    • 32744464280 scopus 로고    scopus 로고
    • SSCSFS (Senate Select Committee on Superannuation and Financial Services) Canberra: Parliament of the Commonwealth of Australia, March
    • SSCSFS (Senate Select Committee on Superannuation and Financial Services) (2000) Roundtable on choice of superannuation funds, Canberra: Parliament of the Commonwealth of Australia, March.
    • (2000) Roundtable on Choice of Superannuation Funds
  • 32
  • 33
    • 1842832021 scopus 로고    scopus 로고
    • 'Save more tomorrow: Using behavioral economics to increase employee saving'
    • Thaler, R. and Benartzi, S. (2004) 'Save more tomorrow: using behavioral economics to increase employee saving' Journal of Political Economy, vol 112, no 1: 164-87.
    • (2004) Journal of Political Economy , vol.112 , Issue.1 , pp. 164-187
    • Thaler, R.1    Benartzi, S.2
  • 36
    • 85080342975 scopus 로고    scopus 로고
    • 'Member education - Who, what, where and how'
    • Towers Perrin 22 October
    • Towers Perrin (2003) 'Member education - who, what, where and how', SuperPulse, 22 October.
    • (2003) SuperPulse


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.