Automatic Enrollment and Choices of Pension Plans: An Experimental Study in Brazil
By Antonio Gualberto Pereira (Universidade Federal da Bahia) & Luís Eduardo Afonso (University of Sao Paulo) One alternative presented in the literature to increase adhesion to pension plans is to modify the default of choices from opt in (to adhere to the plan) to opt out (leave the plan), a nudge typical of the libertarian paternalism (Kahneman, 2002). An experimental design was adopted, adapted from a tool by Hey (2007). The research was made available with the assistance of Questionpro©...