메뉴 건너뛰기




Volumn 5, Issue 4, 2012, Pages 473-488

REMAKING RETIREMENT INVESTORS: Behavioural economics and defined-contribution occupational pensions

Author keywords

apparatus of security; behavioural economics; defined contribution pensions; life style and target date funds; retirement investors

Indexed keywords


EID: 84865462659     PISSN: 17530350     EISSN: 17530369     Source Type: Journal    
DOI: 10.1080/17530350.2012.691893     Document Type: Article
Times cited : (42)

References (63)
  • 2
    • 78649543215 scopus 로고    scopus 로고
    • Behavioral economics
    • In: Mäki U., editors London: Elsevier (forthcoming)
    • Angner, E. & Loewenstein, G. (forthcoming) Behavioral economics, in Philosophy of Economics, U. Mäki, Elsevier, London.
    • Philosophy of Economics
    • Angner, E.1    Loewenstein, G.2
  • 3
    • 84865492543 scopus 로고    scopus 로고
    • Credit crunch slashes workers' pensions by over a third
    • press release, 19 February, [Online] Available at: (accessed 25 February 2011) Aon Consulting
    • Aon Consulting. 2009 Credit crunch slashes workers' pensions by over a third, press release, 19 February, [Online] Available at: http://aon.mediaroom.com/index.php?s=43&item=1464 (accessed 25 February 2011).
    • (2009)
  • 4
    • 84865447737 scopus 로고    scopus 로고
    • Why the bond vigilantes are starting to wake up
    • Authers, J. 2010 Why the bond vigilantes are starting to wake up, Financial Times, 11 December, p. 17.
    • (2010) Financial Times , pp. 17
    • Authers, J.1
  • 5
    • 0040218466 scopus 로고    scopus 로고
    • London: Barclays Capital Publication
    • Barclays. 2007 Equity Gilt Study, Barclays Capital Publication, London.
    • (2007) Equity Gilt Study
    • Barclays1
  • 6
    • 1842832021 scopus 로고    scopus 로고
    • Save more tomorrow: using behavioural economics to increase employee savings
    • Benartzi, S. and Thaler, R. 2005. Save more tomorrow: using behavioural economics to increase employee savings. Journal of Political Economy, 112: 164-187.
    • (2005) Journal of Political Economy , vol.112 , pp. 164-187
    • Benartzi, S.1    Thaler, R.2
  • 7
    • 34547380864 scopus 로고    scopus 로고
    • Edible matter
    • Bennett, J. 2007 ' Edible matter ', New Left Review, no. 45, pp. 1-8.
    • (2007) New Left Review , vol.45 , pp. 1-8
    • Bennett, J.1
  • 8
    • 77749331586 scopus 로고
    • History and time spans
    • Chicago, IL: University of Chicago Press
    • Braudel, F. 1982 History and time spans, in Essays by Braudel, University of Chicago Press, Chicago, IL, pp. 35-48.
    • (1982) Essays by Braudel , pp. 35-48
    • Braudel, F.1
  • 10
    • 33846352506 scopus 로고    scopus 로고
    • The road not taken: how psychology was removed from economics, and how it might be brought back
    • Bruni, L. and Sugden, R. 2007. The road not taken: how psychology was removed from economics, and how it might be brought back. The Economic Journal, 117(516): 146-173.
    • (2007) The Economic Journal , vol.117 , Issue.516 , pp. 146-173
    • Bruni, L.1    Sugden, R.2
  • 12
    • 77749312555 scopus 로고    scopus 로고
    • Economic markets and the rise of interactive agencements: from prosthetic agencies to habilitated agencies
    • In: Pinch T., Swedberg R., editors Cambridge, MA: MIT Press
    • Callon, M. 2008. "Economic markets and the rise of interactive agencements: from prosthetic agencies to habilitated agencies". In Living in a Material World: Economic Sociology Meets Science and Technology Studies, Edited by: Pinch, T. and Swedberg, R. 29-56. Cambridge, MA: MIT Press.
    • (2008) Living in a Material World: Economic Sociology Meets Science and Technology Studies , pp. 29-56
    • Callon, M.1
  • 13
    • 33748922519 scopus 로고    scopus 로고
    • $100 bills on the sidewalk: suboptimal investment in 401(k) plans
    • National Bureau of Economic Research, Working Paper W11554, August
    • Choi, J. J., Laibson, D. I. & Madrian, B. C. 2005 $100 bills on the sidewalk: suboptimal investment in 401(k) plans, National Bureau of Economic Research, Working Paper W11554, August.
    • (2005)
    • Choi, J.J.1    Laibson, D.I.2    Madrian, B.C.3
  • 14
    • 35348982359 scopus 로고    scopus 로고
    • Mapping UK pension benefits and intended purchase of annuities in the aftermath of the 1990s stock market bubble
    • Clark, G. L. and Knox-hayes, J. 2007. Mapping UK pension benefits and intended purchase of annuities in the aftermath of the 1990s stock market bubble. Transactions of the Institute of British Geographers, 32(4): 539-555.
    • (2007) Transactions of the Institute of British Geographers , vol.32 , Issue.4 , pp. 539-555
    • Clark, G.L.1    Knox-hayes, J.2
  • 15
    • 67650364382 scopus 로고    scopus 로고
    • The "new" paternalism, consultation and consent: Expectations of UK participants in defined contribution and self-directed retirement saving schemes
    • Clark, G. L. and Knox-hayes, J. 2009. The "new" paternalism, consultation and consent: Expectations of UK participants in defined contribution and self-directed retirement saving schemes. Pensions: An International Journal, 14(1): 58-74.
    • (2009) Pensions: An International Journal , vol.14 , Issue.1 , pp. 58-74
    • Clark, G.L.1    Knox-hayes, J.2
  • 16
    • 39749198292 scopus 로고    scopus 로고
    • Individual pension risk propensities: the effects of socio-demographic characteristics and spousal pension entitlement on risk attitudes
    • Clark, G. L. and Strauss, K. 2008. Individual pension risk propensities: the effects of socio-demographic characteristics and spousal pension entitlement on risk attitudes. Ageing and Society, 28(2): 847-874.
    • (2008) Ageing and Society , vol.28 , Issue.2 , pp. 847-874
    • Clark, G.L.1    Strauss, K.2
  • 18
    • 0035583525 scopus 로고    scopus 로고
    • Social insecurity and the retreat from social democracy: occupational welfare in the long boom and financialization
    • Cutler, T. and Waine, B. 2001. Social insecurity and the retreat from social democracy: occupational welfare in the long boom and financialization. Review of International Political Economy, 8(1): 96-117.
    • (2001) Review of International Political Economy , vol.8 , Issue.1 , pp. 96-117
    • Cutler, T.1    Waine, B.2
  • 19
    • 84921552607 scopus 로고    scopus 로고
    • On making enrolment in a 401(k) automatic
    • [Online] Available at: (accessed 26 February 2011)
    • Darlin, D. 2006 On making enrolment in a 401(k) automatic, New York Times, 19 August, [Online] Available at: http://www.nytimes.com/2006/08/19/business/19money.html?pagewanted=all (accessed 26 February 2011).
    • (2006) New York Times
    • Darlin, D.1
  • 20
    • 84865496583 scopus 로고    scopus 로고
    • The rise of the guilty economist: hybrid policy metrics and governance
    • Oxford: Säid Business School
    • Davies, W. 2010 The rise of the guilty economist: hybrid policy metrics and governance, After Markets Conference, Säid Business School, Oxford, April, pp. 1-23.
    • (2010) After Markets Conference , pp. 1-23
    • Davies, W.1
  • 26
    • 84865475459 scopus 로고    scopus 로고
    • [Online] Available at: (accessed 26 February 2011) DWP
    • DWP. 2008 Deregulatory Review of Private Pensions: Risk Sharing Consultation, 5 June, [Online] Available at: http://www.dwp.gov.uk/pensionsreform/pdfs/pensionrisksharing-consultation-june2008.pdf (accessed 26 February 2011).
    • (2008) Deregulatory Review of Private Pensions: Risk Sharing Consultation
  • 29
    • 70649113948 scopus 로고    scopus 로고
    • Hedge funds as "war machine": making the positions work
    • Erturk, I., Leaver, A. and Williams, K. 2010. Hedge funds as "war machine": making the positions work. New Political Economy, 15(1): 9-28.
    • (2010) New Political Economy , vol.15 , Issue.1 , pp. 9-28
    • Erturk, I.1    Leaver, A.2    Williams, K.3
  • 31
    • 0035195181 scopus 로고    scopus 로고
    • A new business model? The capital market and the new economy
    • Feng, H., Froud, J., Johal, S., Haslam, C. and Williams, K. 2001. A new business model? The capital market and the new economy. Economy and Society, 30(4): 467-503.
    • (2001) Economy and Society , vol.30 , Issue.4 , pp. 467-503
    • Feng, H.1    Froud, J.2    Johal, S.3    Haslam, C.4    Williams, K.5
  • 35
    • 0037859140 scopus 로고    scopus 로고
    • Financialisation and the coupon pool
    • Froud, J., Johal, S. and Williams, K. 2002. Financialisation and the coupon pool. Capital and Class, 78: 119-152.
    • (2002) Capital and Class , vol.78 , pp. 119-152
    • Froud, J.1    Johal, S.2    Williams, K.3
  • 36
    • 84865447868 scopus 로고    scopus 로고
    • OECD warns on pensions crisis
    • Giles, C. 2009 OECD warns on pensions crisis, Financial Times, 23 June, p. 12.
    • (2009) Financial Times , pp. 12
    • Giles, C.1
  • 37
    • 84865483838 scopus 로고    scopus 로고
    • Suitability of target-date funds in doubt
    • Glover, H. 2009 Suitability of target-date funds in doubt, Financial Times, 3 May, p. 7.
    • (2009) Financial Times , pp. 7
    • Glover, H.1
  • 38
    • 84865508562 scopus 로고    scopus 로고
    • The economics of the crisis and the crisis of economics. Lessons from behavioral economics
    • Heukelom, F. & Sent, E.-M. 2010 The economics of the crisis and the crisis of economics. Lessons from behavioral economics, Krisis: Journal of Contemporary Philosophy, no. 3, pp. 26-37.
    • (2010) Krisis: Journal of Contemporary Philosophy , Issue.3 , pp. 26-37
    • Heukelom, F.1    Sent, E.-M.2
  • 39
    • 84865448112 scopus 로고    scopus 로고
    • Seeking alpha, performing beta: hedge fund-based financial ecosystems
    • [Online] Available at: (accessed 26 February 2011)
    • Holmes, C. 2009 Seeking alpha, performing beta: hedge fund-based financial ecosystems, [Online] Available at: http://www.allacademic.com//meta/p_mla_apa_research_citation/3/1/1/6/9/pages311699/p311699-1.php (accessed 26 February 2011).
    • (2009)
    • Holmes, C.1
  • 40
    • 77957862937 scopus 로고    scopus 로고
    • [Online] Available at: (accessed 3 March 2011) Institute for Government the Cabinet Office
    • Institute for Government and the Cabinet Office. 2010 Mindspace: Influencing Behaviour Through Public Policy, March, [Online] Available at: http://www.instituteforgovernment.org.uk/images/files/MINDSPACE-full.pdf (accessed 3 March 2011).
    • (2010) Mindspace: Influencing Behaviour Through Public Policy
  • 42
    • 12144272460 scopus 로고    scopus 로고
    • In the eye of the "perfect storm": the final salary pension crisis and financialization of Anglo-American capitalism
    • Langley, P. 2004. In the eye of the "perfect storm": the final salary pension crisis and financialization of Anglo-American capitalism. New Political Economy, 9(4): 539-558.
    • (2004) New Political Economy , vol.9 , Issue.4 , pp. 539-558
    • Langley, P.1
  • 43
    • 33846425784 scopus 로고    scopus 로고
    • The making of investor subjects in Anglo-American pensions
    • Langley, P. 2006. The making of investor subjects in Anglo-American pensions. Environment and Planning D: Society and Space, 24(6): 919-934.
    • (2006) Environment and Planning D: Society and Space , vol.24 , Issue.6 , pp. 919-934
    • Langley, P.1
  • 45
    • 0037988651 scopus 로고    scopus 로고
    • Defined contribution pensions: new opportunities, new risks
    • In: Mitchell O. S., Schieber S. J., editors Philadelphia: University of Pennsylvania Press
    • Mitchell, O. S. and Schieber, S. J. 1998. "Defined contribution pensions: new opportunities, new risks". In Living With Defined Contribution Pensions: Remaking Responsibility for Retirement, Edited by: Mitchell, O. S. and Schieber, S. J. 1-14. Philadelphia: University of Pennsylvania Press.
    • (1998) Living With Defined Contribution Pensions: Remaking Responsibility for Retirement , pp. 1-14
    • Mitchell, O.S.1    Schieber, S.J.2
  • 46
    • 34548587342 scopus 로고    scopus 로고
    • An introduction to market devices
    • In: Callon M., Millo Y., Muniesa F., editors Oxford: Blackwell
    • Muniesa, F., Millo, Y. and Callon, M. 2007. "An introduction to market devices". In Market Devices, Edited by: Callon, M., Millo, Y. and Muniesa, F. 1-12. Oxford: Blackwell.
    • (2007) Market Devices , pp. 1-12
    • Muniesa, F.1    Millo, Y.2    Callon, M.3
  • 47
    • 35348951704 scopus 로고    scopus 로고
    • Employer-sponsored plans: the shift from defined benefit to defined contribution
    • In: Clark G. L., Munnell A. H., Orszaq J. M., editors Oxford: Oxford University Press
    • Munnell, A. H. 2006. "Employer-sponsored plans: the shift from defined benefit to defined contribution". In The Oxford Handbook of Pensions and Retirement Income, Edited by: Clark, G. L., Munnell, A. H. and Orszaq, J. M. 359-380. Oxford: Oxford University Press.
    • (2006) The Oxford Handbook of Pensions and Retirement Income , pp. 359-380
    • Munnell, A.H.1
  • 51
    • 84865450558 scopus 로고    scopus 로고
    • UK Pensions at a Glance
    • OECD [Online] Available at: (accessed 15 March 2011) OECD
    • OECD. 2009b UK Pensions at a Glance, OECD, Paris, [Online] Available at: http://www.oecd.org/dataoecd/31/9/43547091.pdf (accessed 15 March 2011).
    • (2009)
  • 56
    • 34447338561 scopus 로고    scopus 로고
    • Take an issue: cultural economy and finance
    • Pryke, M. and Du gay, P. 2007. Take an issue: cultural economy and finance. Economy and Society, 36(3): 339-354.
    • (2007) Economy and Society , vol.36 , Issue.3 , pp. 339-354
    • Pryke, M.1    Du gay, P.2
  • 57
  • 58
    • 38949156196 scopus 로고    scopus 로고
    • Introduction: Foucault today
    • In: Rabinow P., Rose N., editors New York: The New Press
    • Rabinow, P. and Rose, N. 2003. "Introduction: Foucault today". In The Essential Foucault, Edited by: Rabinow, P. and Rose, N. vii-xxxv. New York: The New Press.
    • (2003) The Essential Foucault
    • Rabinow, P.1    Rose, N.2
  • 59
    • 84865486202 scopus 로고    scopus 로고
    • Pension fund returns have performed poorly over 10 years
    • [Online] Available at: (accessed 17 February 2011) Right Annuity
    • Right Annuity. 2008 Pension fund returns have performed poorly over 10 years, [Online] Available at: http://www.rightannuity.co.uk/news/pension-fund-returns-have-poorly-performed-over-10-years/ (accessed 17 February 2011).
    • (2008)
  • 60
    • 84865448113 scopus 로고    scopus 로고
    • Public hearing on target date funds and similar investment options
    • [Online] Available at: (accessed 1 April 2011) SEC DoL
    • SEC & DoL. 2009 Public hearing on target date funds and similar investment options, 18 June, [Online] Available at: http://www.dol.gov/ebsa/pdf/TDFhearingtranscript.pdf (accessed 1 April 2011).
    • (2009)
  • 61
    • 0004179594 scopus 로고    scopus 로고
    • Princeton, NJ: Princeton University Press
    • Shiller, R. J. 2001. Irrational Exuberance, Princeton, NJ: Princeton University Press.
    • (2001) Irrational Exuberance
    • Shiller, R.J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.