Standard and Behavioral Life-Cycle Theories and Public Policy

摘要: Behavioral life-cycle theory is centered on the hypothesis that even people who want smooth spending during their entire life cycle, as predicted by standard theory, find it difficult to avoid cognitive and emotional errors balance wants for now saving tomorrow. says we reconcile conflict between our via personal devices public policies of nudges shoves government employers. Personal include framing, mental accounting, self-control rules prohibit dips into other-than-designated accounts. Public nudges, such automatic enrollment voluntary direct contribution (DC) plans, mandatory Social Security. Discussions about promote adequate should address issues promotion financial well-being, alleviation retirement crises, features good DC benefits literacy its alternatives. The author presents these questions here, along with his own explorations answers.