A Nudge to Quit? The Effect of a Change in Pension Information on Annuitisation, Labour Supply and Retirement Choices Among Older Workers
The article 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.
06. juni 2025
The authors 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.
Påmelding nyhetsbrev
Deltakere
- Akademikerne
- Arbeids- og inkluderingsdepartementet
- DNB Liv
- Fagforbundet
- Fellesforbundet
- Fellesordningen for AFP
- Finans Norge
- Finansdepartementet
- Finansforbundet
- Gabler
- Gjensidige Pensjonsforsikring
- KLP
- KS
- Kunnskapssenter for lengre arbeidsliv
- LO
- NAV
- NHO
- NITO
- Nordea
- Norges Banks Pensjonskasse
- Norsk Pensjon
- Norsk Tjenestemannslag
- Oslo Pensjonsforsikring
- Pensjonistforbundet
- Pensjonskasseforeningen
- Pensjonskasse for fylkene
- Pensjonskassen for helseforetakene i hovedstadsområdet
- Pensjonskontoret
- Samfunnsbedriftene
- Sparebank1
- Spekter
- SPK
- SSB
- Storebrand
- Unio
- Virke
- YS