Do optimists plan for retirement? : A behavioural explanation for non-participation in pension schemes
Author
Balasuriya, Jiayi
Gough, Orla
Vasileva, Kristina
Attention
2299/16074
Abstract
This paper investigates the relationship between financial optimism and non-participation in pension schemes in the UK. We show that financial optimism reduces the probability of employees joining employer run pension schemes and also the probability of the self-employed subscribing to private pension plans