Design for Defined Contribution Pension Scheme Based on Status Quo Bias

Runfei Chen

doi:10.18282/ff.v10i1.1635

Runfei Chen Fuzhou University

DOI: https://doi.org/10.18282/ff.v10i1.1635

Keywords: Status Quo Bias, Defined Contribution Pension, pension scheme

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.

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