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Status Quo Analysis of Defined Contribution Pension Scheme Based on Behavioral Finance

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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 Jian

ABSTRACT

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 china

CITE 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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