Making It Easy: How Defaults and Design Can Improve Retirement Savings Outcomes
Keywords
retirement savings, defined contribution plans, investment decisions
Abstract
Individuals have more choices today than ever before for how to save and prepare for retirement, but the complexity and array of options can cause confusion that leads to inaction. As the United States has moved from a retirement system based on pension-style defined benefit (DB) plans to one that relies on defined contribution (DC) programs, workers have assumed the responsibility for making their own savings and investments decisions.
Original Publication Citation
“Making it Easy: How Defaults and Design Can Improve Retirement Savings Outcomes.” Georgetown University Center for Retirement Initiatives, March 2020.
BYU ScholarsArchive Citation
Madrian, Brigitte C., "Making It Easy: How Defaults and Design Can Improve Retirement Savings Outcomes" (2020). Faculty Publications. 9106.
https://scholarsarchive.byu.edu/facpub/9106
Document Type
Peer-Reviewed Article
Publication Date
2020-3
Publisher
Georgetown University Center for Retirement Initiatives
Language
English
College
Marriott School of Business
Department
Finance
Copyright Use Information
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