Existing from 2001, the second pension pillar in Slovenia is represented by private defined contribution retirement plans managed by specialised pension funds and insurance companies. The number of members has been steadily growing and at the end of last year reached 560.722 members, which is the highest number ever. This means the coverage rate isContinue reading “Behavioral lessons for the second pension pillar in Slovenia”
Monthly Archives: August 2020
Saving for retirement with your credit card (Overcoming loss aversion and temporal discounting)
Why would anybody in their right mind pay pension fund contributions in installments with his or her credit card is the question most would ask after reading the title, but if you give me a bit of “credit” I will try to explain the logic. Retirement saving is unfortunately plagued with behavioral biases that negativelyContinue reading “Saving for retirement with your credit card (Overcoming loss aversion and temporal discounting)”
Irrational Retirement 