James J. Choi
Contributions to Defined Contribution Pension Plans
Yale University|National Bureau of Economic Research
defined contribution dc pension plans increasingly important means financing retirement consumption individuals often substantial discretion much contributed dc pension plan studying dc contribution choices provides general insights determinants individual economic decision making literature found strong deviations many predictions classical frictionless optimizing models provide overview us dc pension system review literature effect matching contributions automatic enrollment active choice deadlines choice overload financial literacy peer effects mental accounting personal experience individuals dc contributions