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June 6, 2026Korean Business Education Review

Advanced Practices and Policy Implications of School Pension Education

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Authors

SJSechang Jung

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Overview

Randomized trial demonstrates the importance of early pension education for effective retirement planning, suggesting broader implementation is needed.

Key Points

  • This research aims to propose improvements for pension education in South Korea by analyzing advanced practices in developed countries.
  • Analyzed private pension markets and school-centered pension education systems in the US, UK, and Australia.
  • Established a theoretical background using the lifetime hypothesis and behavioral economics.
  • Identified the cognitive constraints and lack of willpower impacting retirement savings preparations.
  • Developed nations have complementing private pensions that enhance public pension limitations.
  • Systematic pension education in schools fosters early awareness of long-term savings and investments.
  • Current pension education in South Korea is largely elective, leading to low understanding and returns on private pensions.

Cite This Study

Sechang Jung (2026) studied this question.

synapsesocial.com/papers/6a23bbbb71a5da9775e7730ehttps://doi.org/10.23839/kabe.2026.41.2.41
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