Do People Really Want Freedom of Choice? Assessing preferences of pension participants

Reforms in private pension plans across the world are opening up more options for pension participants to make choices to suit their preferences. Freedom of choice is however not a unidimensional concept as it is commonly perceived by policy makers. People can value both the freedom to choose as well as the freedom not to choose This observation can have far-reaching implications for pension policy design. By using a unique panel survey among Dutch employees we are able to offer a more refined typology of preferences with respect to the freedom to choose. For most pension contract issues - lev... Mehr ...