DEFAULT BIAS OR NO DEFAULT BIAS? EVIDENCE FROM DECISIONS REGARDING OCCUPATIONAL PENSION FUND ENROLLMENT IN ITALY

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Abstract

If forced to choose a supplementary pension fund, people will decide not to decide, accepting decisions made for them by others (default bias), reaching a status quo position. This study analyses whether the status quo position achieved via the default option in Italian occupational pension funds is later changed over the period studied (2007-2011), and the factors influencing any change.

Keywords: Decision Making; Pension Funds; Default Option; Status Quo Bias

How to cite this paper: Lippi, A. (2013). Default bias or no default bias? evidence from decisions regarding occupational pension fund enrollment in Italy. Journal of Governance and Regulation, 2(3-1), 117-127. https://doi.org/10.22495/jgr_v2_i3_c1_p4