Contrary to the view that choice is always for the good of a person, recent research introduces the concept of choice overload, likely inhibiting peoples’ ability to take effective decisions. This study is to test the extent to which individuals suffer from choice overload in the context of pension plan settings, a sector recently turning it’s attention towards autonomous choice. In specific, considering the asset allocation decision, by manipulating assortment size as well as assortment type, this research aims to improve pension plan design. Results show that presenting an alignable assortment and keeping the number of offered options reasonably small provides the most effective solution. Ultimately, the purpose of these results is to improve people’s financial position for retirement, by assisting pension funds in their plan design and in turn reducing the impact of choice overload.

Netspar, Network for Studies on Pensions, Aging and Retirement, is een denktank en kennisnetwerk. Netspar is gericht op een goed geïnformeerd pensioendebat.

MEER OVER NETSPAR


Missie en strategie           •           Netwerk           •           Organisatie           •          Podcasts
Board Brief            •            Werkprogramma 2023-2027           •           Onderzoeksagenda

OVER NETSPAR

Onze partners

B20160708_university of groningen
B20160615_pggmgroengrijs_grijswaarden_small
B20211201_Cardano_Logo 2021_website
AFM logo 2023 zwart wit
Bekijk al onze partners