{"id":"https://openalex.org/W3125867768","doi":"https://doi.org/10.1017/s1474747202001129","title":"Do pension plans with participant investment choice teach households to hold more equity?","display_name":"Do pension plans with participant investment choice teach households to hold more equity?","publication_year":2002,"publication_date":"2002-11-01","ids":{"openalex":"https://openalex.org/W3125867768","doi":"https://doi.org/10.1017/s1474747202001129","mag":"3125867768"},"language":"en","primary_location":{"id":"doi:10.1017/s1474747202001129","doi":"https://doi.org/10.1017/s1474747202001129","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s1474747202001129","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","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/A5048301975","display_name":"Scott J. Weisbenner","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]},{"id":"https://openalex.org/I2801919071","display_name":"University of Illinois System","ror":"https://ror.org/05e94g991","country_code":"US","type":"education","lineage":["https://openalex.org/I2801919071"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"SCOTT WEISBENNER","raw_affiliation_strings":["University of Illinois and NBER (e-mail:"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Illinois and NBER (e-mail:","institution_ids":["https://openalex.org/I157725225","https://openalex.org/I2801919071"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5048301975"],"corresponding_institution_ids":["https://openalex.org/I157725225","https://openalex.org/I2801919071"],"apc_list":{"value":3550,"currency":"USD","value_usd":3550},"apc_paid":null,"fwci":9.0443,"has_fulltext":true,"cited_by_count":26,"citation_normalized_percentile":{"value":0.97781676,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"1","issue":"3","first_page":"223","last_page":"248"},"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/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"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/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"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/T13744","display_name":"Financial Literacy and Behavior","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pension-plans","display_name":"pension plans","score":0.6869999766349792},{"id":"https://openalex.org/keywords/equity-holdings","display_name":"equity holdings","score":0.5630000233650208},{"id":"https://openalex.org/keywords/household-asset-allocation","display_name":"household asset allocation","score":0.703000009059906},{"id":"https://openalex.org/keywords/financial-education","display_name":"financial education","score":0.6800000071525574},{"id":"https://openalex.org/keywords/retirement-savings","display_name":"retirement savings","score":0.6650000214576721},{"id":"https://openalex.org/keywords/portfolio-rebalancing","display_name":"portfolio rebalancing","score":0.8270000219345093},{"id":"https://openalex.org/keywords/pension-system-design","display_name":"pension system design","score":0.7749999761581421}],"concepts":[{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.7831681966781616},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.7369480133056641},{"id":"https://openalex.org/C2991981721","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension plan","level":3,"score":0.667629063129425},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.630039632320404},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5215073227882385},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4906593859195709},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.4880441725254059},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.48343977332115173},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4650038182735443},{"id":"https://openalex.org/C2994097847","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension system","level":3,"score":0.4490728974342346},{"id":"https://openalex.org/C2776505523","wikidata":"https://www.wikidata.org/wiki/Q4785468","display_name":"Plan (archaeology)","level":2,"score":0.43576106429100037},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42853862047195435},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3947422206401825},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.3785739541053772},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1017/s1474747202001129","doi":"https://doi.org/10.1017/s1474747202001129","is_oa":false,"landing_page_url":"https://doi.org/10.1017/s1474747202001129","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":"pmh:oai:CiteSeerX.psu:10.1.1.27.4933","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.27.4933","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://federalreserve.gov/Pubs/feds/1999/199961/199961pap.pdf","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":51,"referenced_works":["https://openalex.org/W74224500","https://openalex.org/W312050592","https://openalex.org/W577137179","https://openalex.org/W1482969395","https://openalex.org/W1511005963","https://openalex.org/W1524486083","https://openalex.org/W1536877982","https://openalex.org/W1545950481","https://openalex.org/W1550178870","https://openalex.org/W1559385708","https://openalex.org/W1559727989","https://openalex.org/W1578954031","https://openalex.org/W1587805668","https://openalex.org/W1601380164","https://openalex.org/W1741133179","https://openalex.org/W1801297046","https://openalex.org/W1977145788","https://openalex.org/W1997534136","https://openalex.org/W1997680043","https://openalex.org/W2008565199","https://openalex.org/W2010997253","https://openalex.org/W2081717017","https://openalex.org/W2085190867","https://openalex.org/W2094395241","https://openalex.org/W2095910323","https://openalex.org/W2100056252","https://openalex.org/W2133920354","https://openalex.org/W2157530533","https://openalex.org/W2887345129","https://openalex.org/W2889137564","https://openalex.org/W2890473091","https://openalex.org/W2890608822","https://openalex.org/W2891086127","https://openalex.org/W2892310370","https://openalex.org/W3022059343","https://openalex.org/W3023376117","https://openalex.org/W3121171036","https://openalex.org/W3121287652","https://openalex.org/W3122095789","https://openalex.org/W3122133022","https://openalex.org/W3122383726","https://openalex.org/W3122896524","https://openalex.org/W3124294483","https://openalex.org/W3124827512","https://openalex.org/W3126072600","https://openalex.org/W4285719527","https://openalex.org/W4300567850","https://openalex.org/W6611354504","https://openalex.org/W6616603564","https://openalex.org/W6653015301","https://openalex.org/W6986986897"],"related_works":["https://openalex.org/W7100379529","https://openalex.org/W2025404985","https://openalex.org/W2491993656","https://openalex.org/W1547788407","https://openalex.org/W154509653","https://openalex.org/W3124672127","https://openalex.org/W2188557218","https://openalex.org/W2907036518","https://openalex.org/W2037168530","https://openalex.org/W7132312531"],"abstract_inverted_index":{"Some":[0],"retirement":[1,49],"plans":[2,32,56],"allow":[3],"the":[4,18,35,91,105,117],"participant":[5,19],"to":[6,13,43],"choose":[7],"how":[8],"funds":[9],"are":[10,39,52],"invested.":[11],"Having":[12],"direct":[14],"investments":[15,38],"may":[16,97],"provide":[17],"with":[20,54],"financial":[21,101],"education.":[22],"This":[23,86],"paper":[24],"finds":[25],"that":[26,90],"U.S.":[27],"households":[28,53],"covered":[29],"by":[30,73],"pension":[31,55,95,106],"in":[33,79,111],"which":[34],"employee":[36],"chooses":[37],"significantly":[40],"more":[41],"apt":[42],"hold":[44],"stock":[45],"outside":[46,103],"of":[47,63,93,104],"their":[48],"plan":[50,96],"than":[51],"offering":[57],"no":[58],"such":[59],"choice.":[60],"The":[61],"effect":[62],"investment":[64],"choice":[65],"upon":[66],"non-pension":[67],"asset":[68],"allocation":[69],"is":[70],"not":[71],"explained":[72],"portfolio":[74],"rebalancing":[75],"or":[76],"observable":[77],"differences":[78],"income":[80],"and":[81],"saving":[82],"preferences":[83,113],"across":[84],"households.":[85],"provides":[87],"some":[88],"evidence":[89],"design":[92],"a":[94],"influence":[98],"an":[99],"employee's":[100],"decisions":[102],"plan,":[107],"although":[108],"unobserved":[109],"heterogeneity":[110],"worker's":[112],"could":[114],"also":[115],"explain":[116],"result.":[118]},"counts_by_year":[{"year":2024,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-02-01T00:00:00"}
