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Design for Defined Contribution Pension Scheme Based on Status Quo Bias

Runfei Chen

Abstract


In defined contribution (DC) pension system, people often make unideal decisions because of status quo bias. After analyzing these irrational decisions, this article provides certain applications based on status quo bias theory, which is of great significance to the establishment of DC pension scheme.


Keywords


Status Quo Bias; Defined Contribution Pension; pension scheme

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References


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DOI: http://dx.doi.org/10.18282/ff.v10i1.1635

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