grant

The paradox of choice: Unravelling complex superannuation decisions [ 2010 - 2014 ]

Research Grant

[Cite as http://purl.org/au-research/grants/arc/DP1093842]

Researchers A/Prof HJ Bateman; Prof JJ Louviere; Dr SJ Thorp; Dr C Ebling; A/Prof T Islam; Prof S Satchell; Prof JF Geweke

Brief description Australia has been a world-leader in retirement savings policy, but there remains a pervasive lack of understanding about how best to communicate complex financial information to decision-makers, along with a push by government for clearer disclosure and greater financial literacy. This project will inform regulators and the superannuation industry on how choices are made and how to present clearer, better-designed information to be understood by ordinary participants, thus encouraging active, well-informed participation rather than passive 'default' decisions. More efficient investment and benefit choices will improve the economic welfare of retirees, reduce the burden on the working-age population and improve fiscal sustainability.

Funding Amount $960,000

Funding Scheme Discovery Projects

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