Motu Note #7

Behavioural Economics: Implications for the Savings Literature

Motu Note 7 (2.1 MB)

Published: 2011

Author: Andrew Coleman

Note overview

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.

See also