IDEAS home Printed from https://ideas.repec.org/b/oxp/obooks/9780199600854.html
   My bibliography  Save this book

Saving for Retirement: Intention, Context, and Behavior

Author

Listed:
  • Clark, Gordon L.

    (Halford Mackinder Professor of Geography, University of Oxford, United Kingdom, and Sir Louis Matheson Distinguished Visiting Professor, Monash University, Australia)

  • Strauss, Kendra

    (Research Fellow in Urban Political Economy, University of Glasgow)

  • Knox-Hayes, Janelle

    (Assistant Professor of Environmental Policy, Georgia Institute of Technology, USA, and Visiting Research Associate, University of Oxford, United Kingdom)

Abstract

Understanding the ways in which people save for their retirement is an urgent issue. So much has changed in the last 10 to 15 years, especially in the area of the provision of pensions and retirement income. Around the world, greater and greater responsibility is being allocated to individuals while governments discount their contributions to social security and employers retreat from the provision of supplementary retirement income. This book explores the behavioral revolution and its implications for understanding financial decision-making and saving for the future. Recognizing the profound implications of this research program, it goes beyond issues of risk aversion, framing, and decision-making to consider how social identity and the resources due to people by virtue of their place in society figure in savings behavior. It gives considerable attention to the context of the environment in which people make financial decisions, arguing that this allows a better understanding of the coexistence of sophistication and naivety apparent in patterns of retirement saving. Utilizing databases from the UK, the book provides an empirical foundation to its theoretical arguments, demonstrating how an integrated approach to individual financial decision-making is necessary if we are to address the apparent shortfall in many people's planning for the future. The book concludes by setting the agenda for the design, governance, and regulation of pension savings schemes consistent with delivering cost-effective solutions to pension adequacy. In these ways, it sets forth a strategy for rethinking individual behavior as well as the design of retirement income systems.

Suggested Citation

  • Clark, Gordon L. & Strauss, Kendra & Knox-Hayes, Janelle, 2012. "Saving for Retirement: Intention, Context, and Behavior," OUP Catalogue, Oxford University Press, number 9780199600854.
  • Handle: RePEc:oxp:obooks:9780199600854
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gordon L. Clark, 2014. "Financial Literacy in Context: A Rejoinder," Economic Geography, Clark University, vol. 90(1), pages 29-31, January.
    2. Gordon L Clark, 2012. "Pensions or Property?," Environment and Planning A, , vol. 44(5), pages 1185-1199, May.
    3. Clark, Gordon L. & Fiaschetti, Maurizio & Tufano, Peter & Viehs, Michael, 2018. "Playing with your future: Who gambles in defined-contribution pension plans?," International Review of Financial Analysis, Elsevier, vol. 60(C), pages 213-225.
    4. Paul Langley & Adam Leaver, 2012. "Remaking Retirement Investors," Journal of Cultural Economy, Taylor & Francis Journals, vol. 5(4), pages 473-488, May.
    5. Dorothee Franzen, 2020. "Qualität der betrieblichen Altersversorgung. Ergebnisse einer Expertenbefragung," Working Paper Forschungsförderung 169, Hans-Böckler-Stiftung, Düsseldorf.
    6. Clark Gordon L, 2021. "The Significance of Financial Competence and Risk Tolerance in Home-Related Expenditure by Jurisdiction and Regime," ZFW – Advances in Economic Geography, De Gruyter, vol. 65(1), pages 12-27, March.
    7. Gordon L. Clark, 2014. "Roepke Lecture in Economic Geography—Financial Literacy in Context," Economic Geography, Clark University, vol. 90(1), pages 1-23, January.
    8. Sylwia Pieńkowska-Kamieniecka & Damian Walczak & Anna Bera, 2019. "Income and Social Determinants of Old-Age Savings: Evidence from Poland," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 8, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780199600854. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Economics Book Marketing (email available below). General contact details of provider: http://www.oup.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.