Status Quo Analysis of Defined Contribution Pension Scheme Based on Behavioral Finance
DOI: 10.23977/ferm.2022.050503 | Downloads: 21 | Views: 585
Author(s)
Lixuan Jian 1, Yihui Liu 1
Affiliation(s)
1 Xiamen University (Xmu), Xiamen, Fujian, 361005, China
Corresponding Author
Lixuan JianABSTRACT
Under Defined Contribution's pension scheme, there is the phenomenon of retirees taking a general lump-sum receipt instead of having their pension in annuity form, which is known as the "Annuity Puzzle". Based on a questionnaire, this paper empirically investigates the main factors that influence the choice of pension receipt and whether the annuity puzzle will continue to exist in China.
KEYWORDS
Defined contribution pension, Annuity puzzle, Behavioral finance, Status quo of chinaCITE THIS PAPER
Lixuan Jian, Yihui Liu, Status Quo Analysis of Defined Contribution Pension Scheme Based on Behavioral Finance. Financial Engineering and Risk Management (2022) Vol. 5: 17-22. DOI: http://dx.doi.org/10.23977/ferm.2022.050503.
REFERENCES
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