Pension policy in the UK and US is designed on the assumption that people make informed financial decisions, consistently invest in pensions and manage diverse portfolios. Deviating from this is often deemed irresponsible and irrational. However, this assumption overlooks uncontrollable factors like caring duties, employment breaks or income limitations. Even when individuals act as expected, unpredictable market shifts can hinder long-term planning.
This book redefines deviations to "rational behaviour" as logical responses to a dysfunctional system. Challenging existing theoretical discussions and policy approaches, it proposes a fresh perspective on rationality when it comes to financial practices and policy.
| ISBN: | 9781529232257 |
| Publication date: | 6th November 2024 |
| Author: | Ariane Agunsoye |
| Publisher: | Bristol University Press |
| Format: | Hardback |
| Pagination: | 224 pages |
| Series: | Rethinking Work, Ageing and Retirement |
| Genres: |
Welfare economics Pensions Pensions, old-age provisions and private compensation Welfare and benefit systems Personal finance Retirement |