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Thaler, Richard H. Archives - Ideas for Leaders

Behavioural Economics Explains Employee Retirement Savings Choices

Why do employees make retirement savings decisions that go against their best interests? A 2004 paper by Nobel Prize-winning economist Richard Thaler of the University of Chicago, co-authored with fellow researcher Shlomo Benartzi of UCLA, showed how behavioural economics could explain what standard economic theory could not.  As companies moved from defined benefit retirement savings […]

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