Chapter

“Money Attitudes” and Retirement Plan Design: One Size Does Not Fit All

Donna M. MacFarland, Carolyn D. Marconi and Stephen P. Utkus

in Pension Design and Structure

Published in print July 2004 | ISBN: 9780199273393
Published online January 2005 | e-ISBN: 9780191601675 | DOI: http://dx.doi.org/10.1093/0199273391.003.0006
“Money Attitudes” and Retirement Plan Design: One Size Does Not Fit All

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The chapter examines how workers’ attitudes about money and retirement planning influence their participation in defined contribution (DC) pension plans. Workers were grouped into five “money attitude” clusters. Individuals showed difference preferences for the types of planning activities needed to be successful in conventional DC plans.

Keywords: retirement savings plans; plan design; money attitudes; savings; defined contribution pension plans

Chapter.  8866 words.  Illustrated.

Subjects: Financial Markets

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