Open AccessDefault bias or no default bias? evidence from decisions regarding occupational pension fund enrollment in Italy
Author(s) -
Andrea Lippi
Publication year - 2013
Publication title -
journal of governance and regulation
Language(s) - English
Resource type - Journals
eISSN - 2306-6784
pISSN - 2220-9352
DOI - 10.22495/jgr_v2_i3_c1_p4
Subject(s) - status quo , status quo bias , pension , pension fund , position (finance) , default , business , actuarial science , economics , finance , market economy
If forced to choose a supplementary pension fund, people will decide not to decide, accepting decisions made for them by others (default bias), reaching a status quo position. This study analyses whether the status quo position achieved via the default option in Italian occupational pension funds is later changed over the period studied (2007-2011), and the factors influencing any change.