On track for retirement?

نویسندگان

چکیده

Over sixty percent of employees at a large South African company contribute the minimum rate 7.5% to retirement fund—far below 15% recommended by financial advisers. I use field experiment investigate whether providing with calculator, which shows projections income, leads increases in contributions. The impact is negligible. lack response calculator suggests many may wish save less than minimum. model asymmetric information explain why employer sets binding

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ژورنال

عنوان ژورنال: Journal of Economic Behavior and Organization

سال: 2021

ISSN: ['0167-2681', '1879-1751']

DOI: https://doi.org/10.1016/j.jebo.2021.07.028