Brian Doss wrote:
My intuition agrees with you, at least given a five year time-scale.
That is, if the default was to stay in SS, and people had to send in
some form to opt out, then within a few years most people would, even
though they won't do a similar think regarding their
What does this say about the economists model of human behavior?
-- Bill Dickens
"The Power of Suggestion: Inertia in 401(k) Participation and
Savings Behavior"
findings. First, 401(k) participation is significantly higher
under automatic enrollment. Second, the default contribution
rate
: The Indeterminacy of Individual Economic Actions
Bryan Caplan wrote:
It also suggests that most people might stay with social security
if it were made voluntary - at least for a while.
This is a really neat point, especially because I'm pretty sure it's
wrong. I can't imagine many people who
