Increased longevity coupled with inadequate savings makes retirement savings and investment research increasingly important. A policy-capturing method was used to examine the relative importance of 6 demographic predictors on the retirement investment decisions of 64 working adults. All predictors were significant predictors of the investment. In addition, although age differences on amount of investment were not significant, interactions between participant age and vignette information were found. Results indicate that older and younger adults make similar decisions using different pieces of information. These findings have implications for individuals planning for retirement and financial professionals who help others make decisions.
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Davis et al. (2008) studied this question.
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