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Motu Note #7: Behavioural Economics: Implications for the Savings Literature

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Publication Year: 2011

Abstract

In the last two decades, economics rediscovered its psychological roots. It now imports insights about the way people act from psychology at an enormous rate. The economics based on these insights, which is known as behavioral economics, is taught in most economics programs. This note reviews this work in the context of saving and retirement income schemes.

 

 

Citation

Coleman, Andrew. 2011. "Behavioural Economics: Implications for the Savings Literature," Motu Note #7, Motu Economic and Public Policy Research, Wellington.

Motu code: MNT0007

JEL codes: E21, D91, D14