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Multiple information search and employee participation in occupational pension plans

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  • Johansen, Kathrin

Abstract

Multiple searches for information can increase individual participation in occupational pension programs. This paper tests hypotheses derived from transaction cost theory and search theory to explain the formation of information networks on pensions. Using a dataset representative of the German population, we empirically investigate the determinants of network formation with respect to information about occupational pensions. We find that transaction costs, provision of information by the employer, quality of the intermediary, and subjective concern with this topic increase willingness to participate in a network and increase the number of network partners.

Suggested Citation

  • Johansen, Kathrin, 2010. "Multiple information search and employee participation in occupational pension plans," Thuenen-Series of Applied Economic Theory 114, University of Rostock, Institute of Economics.
    • Handle: RePEc:zbw:roswps:114
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    References listed on IDEAS

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    More about this item

    Keywords

    information search; occupational pensions; network formation;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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