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
>
> 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 companies plan.
> T
> 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
>
ect: Re: 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'
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 are already comfortable with
>personal in
000 10:05 AM
Subject: Re: The Indeterminacy of Individual Economic Actions
>Could workers be taking the "default" option as a kind of endorsement or
>certification by their employer than this particular choice is a
>generally wise one?
>
>E.g., if my home builder made ra
Robin Hanson 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 are already comfortable with
personal investing
Could workers be taking the "default" option as a kind of endorsement or
certification by their employer than this particular choice is a
generally wise one?
E.g., if my home builder made radon detectors a standard home feature
(where I could request a downgrade), I would want one. But if ther
Bill Dickens wrote:
>I have not read this paper, but I find the conclusions described in the
>abstract completely plausible. What does this say about the economists
>model of human behavior?
>
>"The Power of Suggestion: Inertia in 401(k) Participation and
>Savings Behavior" ...
>http://papers.ss
I have not read this paper, but I find the conclusions described in the abstract
completely plausible. 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"
BY: BRIGITTE C. MADRIAN
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