信息架构对退休储蓄减少的影响.pdf

1、The Impact of Information Architecture on Retirement Savings DecumulationSusan Thorp9th International Pension Research Association Conference,Paris,June 2024Research team Rochelle Nian(Psych.UNSW)Hazel Bateman(Act.UNSW)Isabella Dobrescu(Econ.UNSW)Ben Newell(Psych.UNSW)Susan Thorp(Finance USyd)Acknow

2、ledgements and Disclaimer:This research is supported by ARC Linkage Project 190100732 with Partner Cbus.The research is preliminary,has not been peer-reviewed and is not for circulation.Australian retirees have incentives to over-spend.In fact,the median retiree adds to their pension savings.Percent

3、age change in retirement savings account balance over 11 yearsSource:Reeson et al.(2016)Tax data from regulated retirement plans,2004-14“Evidence suggests varied reasons for low drawdowns.Retirees often do not have access to the right tools to assess what drawdown amount is best for their circumstan

4、ces.Retirees may default to the minimum amount as a rule of thumb when faced with choice overload,concerns about the cost of aged care and medical expenses,or concerns about the risk of running out of savings.Some retirees may have minimum drawdown rates effectively chosen for them by their fund and

5、 are unaware they can even vary the rate of their superannuation pension.”What?Slow or no decumulation(Brsch-Supan 2003;Love et al.2009;Poterba et al.2011;Ooijen et al.2014;Asher et al.2017)Post-work saving(Reeson et al.2016;Olafsson and Pagel 2018)Why?Precaution;maintain lifestyle;longevity(Alonso-

6、Garca et al.2022)Bequests and gifts;medical expenses(De Nardi et al.2015;De Nardi et al.2021)Simplification strategies(Bateman et al.2017;Balnozan et al.2020)Similar issues for many pension systems.Research Question:How can we:“enable members to make the mindset shift necessary to confidently draw d