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Title:Multiple information search and employee participation in occupational pension plans PDF Logo
Authors:Johansen, Kathrin
Issue Date:2010
Series/Report no.:Thünen-series of applied economic theory 114
Abstract:Multiple searches for information can increase individual participation in occupational pension programs. This paper tests hypotheses derived from transaction cost theory and search theory to explain the formation of information networks on pensions. Using a dataset representative of the German population, we empirically investigate the determinants of network formation with respect to information about occupational pensions. We find that transaction costs, provision of information by the employer, quality of the intermediary, and subjective concern with this topic increase willingness to participate in a network and increase the number of network partners.
Subjects:information search
occupational pensions
network formation
JEL:D83
J14
Document Type:Working Paper
Appears in Collections:Thünen Series of Applied Economic Theory, Universität Rostock

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