Arbeitspapier
Do economic policymakers practice what they preach? : the case of pension decisions
This paper examines whether policymakers, economists at the Israeli Finance Ministry, act in their personal pension decisions in accordance with the rational behaviour assumptions underlying the pension policies they advance. We find that while economists' decisions regarding three other important decisions such as buying an apartment, a car and a large appliance, are largely in line with rational models, pension decisions deviate significantly from these models. A large share of these policymakers hardly search for relevant information regarding their chosen pension fund, do not know the most necessary information and consider only one option before choosing the preferred pension fund. A significant difference was found between specialized policymakers (economists in the Pension Division) and general policymakers (economists in all other Divisions) showing that specialized policymakers are significantly less biased.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2783
- Klassifikation
-
Wirtschaft
General Economics: General
Role of Economics; Role of Economists; Market for Economists
General Financial Markets: Government Policy and Regulation
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Public Economics: General
- Thema
-
policymaking
pension decisions
expert
rational choice
Beamte
Anlageverhalten
Pensionsfonds
Rentenpolitik
Wirtschaftspolitik
Rationales Verhalten
Israel
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dahan, Momi
Kogut, Tehila
Shalem, Moshe
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dahan, Momi
- Kogut, Tehila
- Shalem, Moshe
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2009
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