非最佳的退休人员决策的福利成本
Harun Aydilek1, Asiye Aydilek2
1College of Integral Studies, Abdullah Al Salem University, Khaldiya, Kuwait.
PloS one
|August 27, 2024
概括
退休人员面临社会福利费用从非最佳的财务决策. 优先考虑消费和住房选择而不是股票/债券分配,可以将这些成本降到最低,仅债券投资是最不有害的单一资产策略.
科学领域:
- 退休金融资 退休金融资 退休金融资
- 行为经济学是一种行为经济学.
- 决策理论 决策理论
背景情况:
- 退休人员经常做出不理想的财务决策,影响他们的福利.
- 了解这些福利成本对于财务规划和政策至关重要.
- 现有的模型可能无法完全捕捉退休人员的偏好和决策的复杂性.
研究的目的:
- 调查退休人员做出的各种非最佳决策的福利成本.
- 分析住房,消费和资产配置选择的影响.
- 为了比较不同的实用模型来解释退休人员的投资行为.
主要方法:
- 开发了一个新的分析和数值框架,将递归实用与住房结合起来.
- 包括预期效用和递归效用,不包括住房作为特殊情况.
- 检查了与股票和债券投资不足/过度投资,市场参与以及消费/住房决策相关的福利成本.
主要成果:
- 低投资股票的福利成本低于过度投资.
- 低于最佳的债券配置比类似的股票错误配置带来更高的成本.
- 避开债券市场比避开股票市场更有害.
- 仅投资债券的成本低于仅投资股票的成本.
- 过度消费住房的成本低于低消费.
- 低于最佳的消费决策造成了最高的福利成本.
- 消费,住房和储蓄决策比流动资产配置更为关键.
- 与预期效用模型相比,递归效用模型更好地反映了退休人员对债券而不是股票的偏好.
结论:
- 退休人员的福利受到消费和住房决策的重大影响,而不是在股票和债券之间分配流动储蓄.
- 政策制定者和学者应该专注于改善消费和住房方面的决策,以提高退休人员的福利.
- 递归实用框架提供了一个更准确的代表退休人员的财务行为,特别是关于债券偏好.
更多相关视频
06:55Inverse Probability of Treatment Weighting Propensity Score using the Military Health System Data Repository and National Death Index
Published on: January 8, 2020
14.4K
08:24The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
660
相关概念视频
01:38Cognitive Dissonance
32.5K
Social psychologists have documented that feeling good about ourselves and maintaining positive self-esteem is a powerful motivator of human behavior (Tavris & Aronson, 2008). In the United States, members of the predominant culture typically think very highly of themselves and view themselves as good people who are above average on many desirable traits (Ehrlinger, Gilovich, & Ross, 2005). Often, our behavior, attitudes, and beliefs are affected when we experience a threat to our...
32.5K
01:20Actuarial Approach
68
The actuarial approach, a statistical method originally developed for life insurance risk assessment, is widely used to calculate survival rates in clinical and population studies. This method accounts for participants lost to follow-up or those who die from causes unrelated to the study, ensuring a more accurate representation of survival probabilities.
Consider the example of a high-risk surgical procedure with significant early-stage mortality. A two-year clinical study is conducted,...
Consider the example of a high-risk surgical procedure with significant early-stage mortality. A two-year clinical study is conducted,...
68
02:06Social Exchange Theory
34.4K
We have discussed why we form relationships, what attracts us to others, and different types of love. But what determines whether we are satisfied with and stay in a relationship? One theory that provides an explanation is social exchange theory. According to social exchange theory, we act as naïve economists in keeping a tally of the ratio of costs and benefits of forming and maintaining a relationship with others (Rusbult & Van Lange, 2003).
34.4K
00:51Energy Budgets
9.2K
Organisms must balance energy intake with the energy required for growth, maintenance and reproduction. These trade-offs result in a variety of survivorship and reproductive strategies, including semelparity and iteroparity. Semelparous species, like annual plants, have only one reproductive episode in their lifetimes and consequently have short lifespans. Iteroparous species, by contrast, have many reproductive events during their lifetimes but have relatively few offspring. These two...
9.2K
01:09Decision Making: P-value Method
5.3K
The process of hypothesis testing based on the P-value method includes calculating the P- value using the sample data and interpreting it.
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim is also stated. These statements can act as null and alternative hypotheses: a null hypothesis would be a neutral statement while the alternative hypothesis can...
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim is also stated. These statements can act as null and alternative hypotheses: a null hypothesis would be a neutral statement while the alternative hypothesis can...
5.3K
01:26Stress Prevention and Stress Management Techniques IV
28
Stress often leads to unhealthy habits like smoking, excessive drinking, and overeating, which offer short-term relief but ultimately increase long-term health risks. These behaviors create a cycle that temporarily lowers stress levels but can result in severe long-term health consequences. Breaking these habits is essential to reduce the risk of chronic diseases and improve overall well-being. Three primary changes that support better health include quitting smoking, reducing alcohol intake,...
28