Publication: Experimental research on retirement decision-making: evidence from replications
Experimental research on retirement decision-making: evidence from replications
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Bachmann, K., Hens, T., Lot, A., & Xu, X. (2023). Experimental research on retirement decision-making: evidence from replications. Journal of Banking and Finance, 152, 106851–106851. https://doi.org/10.1016/j.jbankfin.2023.106851
Abstract
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Abstract
We adapt the design of four experimental studies on retirement decision-making and conduct replications with a larger online sample from the broader population. We replicate most of the main effects of the original studies. In particular, we confirm that consumption decisions are less efficient when subjects need to borrow from the future than when they need to save from the present. When subjects collect retirement benefits as lump sum instead of annuities, they choose to retire later, as suggested by the original study. We also conf
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- Bachmann, Kremena
- Lot, Andre
- Xu, Xiaogeng
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Bachmann, K., Hens, T., Lot, A., & Xu, X. (2023). Experimental research on retirement decision-making: evidence from replications. Journal of Banking and Finance, 152, 106851–106851. https://doi.org/10.1016/j.jbankfin.2023.106851
