Nudging of pension saving decisions
The OECD pension outlook (OECD, 2018) calls for action to deal with the declining trend in the ratio between the retirement income (i.e., the sum of pillar I, II and III pensions) and the employment income at the time of retirement. Due to steadily increasing life expectations, an aging population, adverse budgetary conditions, and low interest rates, a trend reversal cannot be readily expected.
This Phd will focus on the development of customized choice architecture that is effective in terms of nudging individuals toward more efficient pension saving decisions in a European context, whilst retaining freedom of choice. The effectiveness of nudging will be assessed through a series of field experiments.
