Artikel
How the provision of inflation information affects pension contributions: A field experiment
Ignoring the effects of inflation in retirement planning can have severe consequences for an individual's future financial well‐being. Yet, many pension funds do not communicate inflation‐related information, presumably for the fear of reduced contributions once the members understand how low the “real” return on saving for retirement is. As an alternative prediction, the provision of inflation information could increase pension contributions, because it reveals possible pension shortfalls. In cooperation with a major German pension fund, we conduct a field experiment, in which we vary the inflation information provided to the fund members, to explore this important issue. Among all participants, we find mostly positive but insignificant effects of the inflation information on pension contributions. Among those participants who voluntarily changed their pension contributions after the experimental intervention, the provision of inflation information significantly raises the likelihood of increasing pension contributions.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Risk and Insurance ; ISSN: 1539-6975 ; Volume: 90 ; Year: 2023 ; Issue: 3 ; Pages: 633-666 ; Hoboken, NJ: Wiley
- Classification
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Wirtschaft
- Subject
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field experiment
household savings
inflation
money illusion
pension contributions
- Event
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Geistige Schöpfung
- (who)
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Büsing, Pascal
Cordes, Henning
Langer, Thomas
- Event
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Veröffentlichung
- (who)
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Wiley
- (where)
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Hoboken, NJ
- (when)
-
2023
- DOI
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doi:10.1111/jori.12434
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Büsing, Pascal
- Cordes, Henning
- Langer, Thomas
- Wiley
Time of origin
- 2023
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