Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/235695
Authors: 
Hagen, Johannes
Hallberg, Daniel
Sjögren Lindquist, Gabriella
Year of Publication: 
2021
Series/Report no.: 
GLO Discussion Paper No. 209 [pre.]
Abstract: 
We study the effects of two exogenous modifications in the Swedish pension system application form nudging individuals towards a fixed-term payout. Meanwhile, the set of available options and the default option - life annuity - were unchanged during the period under study. We examine the effects on individuals' payout decisions and the spillover effects on labour supply and other pensions using a difference-in-difference framework and detailed administrative data on actual payout decisions and a wide range of individual-level outcomes. Each modification increased the demand for the nudged payout by around 30 percentage points. The first modification also induced individuals to work less.
Subjects: 
annuity
pension
nudge
decision framing
JEL: 
D91
G41
J26
J32
Document Type: 
Working Paper

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