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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 1 | leftPrevious Review Next Review right

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Book(s) Reviewed

Saving for Retirement: Intention, Context, and Behavior by Gordon L. Clark, Kendra Strauss and Janelle Knox-Hayes

Published By: Oxford and New York: Oxford University Press
ISBN: 978-0-19-960085-4
Date of Publication: 2012


Book Review Detail

Reviewed by: Annika Sunden of The Swedish Pensions Agency
Review DOI: 10.1257/jel.51.1.190.r3
Review Pages: 193-94

Book Review Abstract

Annika Sunden of The Swedish Pensions Agency reviews, "Saving for Retirement: Intention, Context, and Behavior" by Gordon L. Clark, Kendra Strauss, and Janelle Knox-Hayes. The Econlit abstract of this book begins: "Explores the behavioral revolution and its implications for understanding financial decision making and saving for the future. Discusses environment and behavior; risk propensities; sophistication, salience, and scale; being in the market; housing, retirement saving, and risk aversion; the demand for annuities; the ""new'' paternalism; and pension adequacy and sustainability. Clark is Halford Mackinder Professor of Geography at the University of Oxford, Sir Louis Matheson Distinguished Visiting Professor at Monash University, and a Professorial Fellow at St. Peter's College, Oxford. Strauss is a University Lecturer in the Geography Department at the University of Cambridge and a Research Associate in the School of Geographical and Earth Sciences at the University of Glasgow. Knox-Hayes is Assistant Professor in the School of Public Policy at the Georgia Institute of Technology and Research Associate at the Oxford University School of Geography and the Environment. Bibliography; name and subject indexes."


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Book Review Authors

Annika Sunden of The Swedish Pensions Agency


JEL Classifications

D14: Personal Finance
D81: Criteria for Decision-Making under Risk and Uncertainty
G11: Portfolio Choice; Investment Decisions
J26: Retirement; Retirement Policies


Journal of Economic Literature


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