Experimental research on retirement decision-making : a survey with replications

Bachmann, Kremena; Lot, Andre; Xu, Xiaogeng; Hens, Thorsten

Publication type:	Conference paper
Type of review:	Peer review (publication)
Title:	Experimental research on retirement decision-making : a survey with replications
Authors:	Bachmann, Kremena Lot, Andre Xu, Xiaogeng Hens, Thorsten
et. al:	No
Conference details:	Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022
Issue Date:	2022
Language:	English
Subjects:	Household finance; Retirement decision; Saving; Annuity; Life-cycle optimization; Income smoothing; Experiment; Replication
Subject (DDC):	332: Financial economics
Abstract:	Financial decisions in the context of retirement are complex, highly consequential, and offer limited learning opportunities since one only retires once. The institutional environment and field data limitations make the identification of their determinants particularly challenging. We present a thematic survey of experimental studies tackling different features of financial retirement decisions to better understand why sub-optimal outcomes emerge. We also conduct partial replications of three experimental designs from earlier studies addressing different aspects of retirement decisions, which we modify and adapt to be able to deploy them with a larger sample of the broader population. We successfully replicate most of the main results and point out differences. Finally, we propose a future experimental research agenda on retirement decisions, contextualizing it with key lingering issues in the related field empirical literature.
URI:	https://digitalcollection.zhaw.ch/handle/11475/26149
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Organisational Unit:	Institute of Wealth & Asset Management (IWA)
Appears in collections:	Publikationen School of Management and Law

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Bachmann, K., Lot, A., Xu, X., & Hens, T. (2022). Experimental research on retirement decision-making : a survey with replications. Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022.

Bachmann, K. et al. (2022) ‘Experimental research on retirement decision-making : a survey with replications’, in Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022.

K. Bachmann, A. Lot, X. Xu, and T. Hens, “Experimental research on retirement decision-making : a survey with replications,” in Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022, 2022.

BACHMANN, Kremena, Andre LOT, Xiaogeng XU und Thorsten HENS, 2022. Experimental research on retirement decision-making : a survey with replications. In: Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022. Conference paper. 2022

Bachmann, Kremena, Andre Lot, Xiaogeng Xu, and Thorsten Hens. 2022. “Experimental Research on Retirement Decision-Making : A Survey with Replications.” Conference paper. In Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022.

Bachmann, Kremena, et al. “Experimental Research on Retirement Decision-Making : A Survey with Replications.” Conference on Saving and Pension Finance in Europe, Vaduz, Liechtenstein, 29 August 2022, 2022.