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Behavioral regularities in old age planning

hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
hal.structure.identifierLaboratoire d'Economie et de Gestion des Organisations de Santé [Legos]
hal.structure.identifierInstitut de Recherche pour le Développement (IRD)
dc.contributor.authorBonsang, Éric
hal.structure.identifierSCHOOL OF ECONOMICS AND POLITICAL SCIENCE LONDON GBR
dc.contributor.authorJoan, Costa-Font
dc.date.accessioned2020-07-09T13:35:35Z
dc.date.available2020-07-09T13:35:35Z
dc.date.issued2020-05
dc.identifier.issn0167-2681
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/20937
dc.language.isoenen
dc.subjectBehavioral regularitiesen
dc.subjectOld age careen
dc.subjectRetirementen
dc.subjectFinancing long-term careen
dc.subjectCognitive biasen
dc.subjectOptimism biasen
dc.subjectPresent biasen
dc.subjectFramingen
dc.subjectOptimismen
dc.subject.ddc331en
dc.subject.classificationjelI.I3.I30en
dc.subject.classificationjelI.I1.I18en
dc.subject.classificationjelJ.J1.J14en
dc.subject.classificationjelJ.J2.J26en
dc.titleBehavioral regularities in old age planningen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenPlanning for old age needs involves ‘high stakes’ decisions such as the choice of a retirement plan, generic saving and investment decisions alongside the take up of insurance for long-term care . We argue that these individual decisions are formed upon limited information and, result from beliefs about future needs that are often not well understood. This paper provides an overview of a number of behavioral ‘regularities’ that illustrate areas where traditional economic approaches should include behavioral economic explanations to better understand and describe decisions for old age. These include the role of framing and reference points, the effects of misperception and behavioral learning, as well as the role of several biases such as optimism, present bias and overconfidence. We contend that choice architectures that incorporate such regularities can help making old age decisions.en
dc.relation.isversionofjnlnameJournal of Economic Behavior & Organization
dc.relation.isversionofjnlvol173en
dc.relation.isversionofjnldate2020-05
dc.relation.isversionofjnlpages297-300en
dc.relation.isversionofdoi10.1016/j.jebo.2019.11.015en
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelEconomie du travailen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewedouien
dc.relation.Isversionofjnlpeerreviewedouien
dc.date.updated2020-06-03T13:18:53Z
hal.identifierhal-02895253*
hal.version1*
hal.author.functionaut
hal.author.functionaut


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