{"id":"https://openalex.org/W2137630282","doi":"https://doi.org/10.1017/s1474747203001331","title":"Which individuals make active investment decisions in the new Swedish pension system?","display_name":"Which individuals make active investment decisions in the new Swedish pension system?","publication_year":2003,"publication_date":"2003-11-01","ids":{"openalex":"https://openalex.org/W2137630282","doi":"https://doi.org/10.1017/s1474747203001331","mag":"2137630282"},"language":"en","primary_location":{"id":"doi:10.1017/s1474747203001331","doi":"https://doi.org/10.1017/s1474747203001331","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s1474747203001331","pdf_url":null,"source":{"id":"https://openalex.org/S73680622","display_name":"Journal of Pensions Economics and Finance","issn_l":"1474-7472","issn":["1474-7472","1475-3022"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-4","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Pension Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5043052456","display_name":"Stefan Engstr\u00f6m","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I180242103","display_name":"Stockholm School of Economics","ror":"https://ror.org/01s5jzh92","country_code":"SE","type":"education","lineage":["https://openalex.org/I180242103"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"STEFAN ENGSTR\u00d6M","raw_affiliation_strings":["Department of Finance, Stockholm School of Economics, PO Box 6501, SE-113 83 Stockholm, Sweden"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, Stockholm School of Economics, PO Box 6501, SE-113 83 Stockholm, Sweden","institution_ids":["https://openalex.org/I180242103"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5003720894","display_name":"Anna Westerberg","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I92513443","display_name":"National Agency for Social Insurance","ror":"https://ror.org/00fnkrf94","country_code":"SE","type":"government","lineage":["https://openalex.org/I92513443"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"ANNA WESTERBERG","raw_affiliation_strings":["National Social Insurance Board, SE-10351 Stockholm, Sweden"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Social Insurance Board, SE-10351 Stockholm, Sweden","institution_ids":["https://openalex.org/I92513443"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":8.0071,"has_fulltext":false,"cited_by_count":77,"citation_normalized_percentile":{"value":0.96928812,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"2","issue":"3","first_page":"225","last_page":"245"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10443","display_name":"Social Policy and Reform Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/defined-contribution-pensions","display_name":"defined contribution pensions","score":0.5460000038146973},{"id":"https://openalex.org/keywords/individual-pension-accounts","display_name":"individual pension accounts","score":0.6430000066757202},{"id":"https://openalex.org/keywords/mutual-funds","display_name":"mutual funds","score":0.546999990940094},{"id":"https://openalex.org/keywords/gender-differences-in-investment","display_name":"gender differences in investment","score":0.6169999837875366}],"concepts":[{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.7788975834846497},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6853296756744385},{"id":"https://openalex.org/C2778139618","wikidata":"https://www.wikidata.org/wiki/Q13440398","display_name":"Workforce","level":2,"score":0.6008163690567017},{"id":"https://openalex.org/C2994097847","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension system","level":3,"score":0.5564169883728027},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5050120949745178},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.46788614988327026},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.45769721269607544},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.40003570914268494},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3893020749092102},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3702327609062195},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.34143537282943726},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2851351499557495},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.15705981850624084},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.12598511576652527},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.1243191659450531},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1017/s1474747203001331","doi":"https://doi.org/10.1017/s1474747203001331","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s1474747203001331","pdf_url":null,"source":{"id":"https://openalex.org/S73680622","display_name":"Journal of Pensions Economics and Finance","issn_l":"1474-7472","issn":["1474-7472","1475-3022"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-4","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Pension Economics and Finance","raw_type":"journal-article"},{"id":"mag:3123102598","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:hhs:hastef:0527","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:cup:jpenef:v:2:y:2003:i:03:p:225-245_00","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S1474747203001331/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":12,"referenced_works":["https://openalex.org/W1511005963","https://openalex.org/W1990969594","https://openalex.org/W1999918735","https://openalex.org/W2106997448","https://openalex.org/W2120646818","https://openalex.org/W2155369257","https://openalex.org/W2890608822","https://openalex.org/W3121625409","https://openalex.org/W3122935004","https://openalex.org/W3124174062","https://openalex.org/W3124550172","https://openalex.org/W3124827512"],"related_works":["https://openalex.org/W2296955221","https://openalex.org/W2129721125","https://openalex.org/W7213218539","https://openalex.org/W22574633","https://openalex.org/W3202256653","https://openalex.org/W1515855651","https://openalex.org/W2485878979","https://openalex.org/W2904877557","https://openalex.org/W3013516927","https://openalex.org/W7221837296"],"abstract_inverted_index":{"This":[0],"paper":[1],"provides":[2],"a":[3,11,59],"detailed":[4],"examination":[5],"of":[6,29,35,42,66],"individuals'":[7],"active":[8,102],"participation":[9],"in":[10,26,47],"new":[12,21],"public":[13],"and":[14,31,88,96],"mandatory":[15],"defined":[16],"contribution":[17],"pension":[18,22,45],"system.":[19],"The":[20],"system":[23,55],"was":[24],"launched":[25],"the":[27,54],"fall":[28],"2000":[30],"entitles":[32],"Sweden's":[33],"workforce":[34],"4.4":[36],"million":[37],"individuals":[38,71,90,98],"to":[39,73,80,99],"invest":[40],"part":[41],"their":[43,75],"individual":[44],"account":[46],"mutual":[48],"funds.":[49],"Our":[50],"findings":[51],"show":[52],"that":[53,69,86],"is":[56],"associated":[57],"with":[58,64],"reversed":[60],"investment":[61,77,103],"behavior":[62],"compared":[63],"studies":[65],"401(k)":[67],"plans;":[68],"is,":[70],"tend":[72],"make":[74,100],"own":[76],"decisions.":[78],"Contrary":[79],"US":[81],"studies,":[82],"we":[83],"also":[84],"find":[85],"women":[87],"younger":[89],"are":[91],"more":[92],"likely":[93],"than":[94],"men":[95],"older":[97],"an":[101],"decision.":[104]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":12},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":7}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}