Do optimists plan for retirement?

3 March 2016

"Do optimists plan for retirement? A behavioural explanation for non-participation in pension schemes" is a collaborative research article released in connection with the Pensions Research Network. 

Published by Jiayi Balasuriya, Orla Gough and Kristina Vasileva, the research article investigates the relationship between financial optimism and participation in pension schemes in the UK. It is based on the argument that behavioural biases and rational explanations can have an impact on an individual’s participation in pension schemes and uses two samples from the working population in the British Household Panel Survey. 

The study shows that financial optimism reduces both the probability of employees joining employer-run pension schemes and the probability of the self-employed subscribing to private pension plans. 

Read the full article.


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Westminster Business School, University of Westminster, is one of London’s leading centres for professional business education. The School offers a wide range of undergraduate, postgraduate and professional programmes, including the AMBA accredited MBA.

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