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Behavioral Decision-Making in Retirement

Research Projects – Pension

The Pension Section is pleased to make available the results of a two part project. The first part consisted of a survey analyzing the behavioral effects of four types of information interventions on annuity-related purchase intentions. The summary report and accompanying PowerPoint presentation were authored by Behavioral Research Associates LLC.

The second part of the project is a white paper reviewing survey and empirical research on behavioral decision-making. The paper was authored by Jodi DiCenzo of Behavioral Research Associates LLC.


Employees’ Retirement Choices, Perceptions and Understanding: A Review of Selected Survey and Empirical Behavioral Decision-Making Research
Can Annuity Purchase Intentions be Influenced - Summary
Can Annuity Purchase Intentions be Influenced - Presentations


If you have any questions or comments regarding the material, please contact Steve Siegel, Research Actuary at

Thank You

The Pension Section would like to thank the following individuals for their input and review:

  • Sandy Mackenzie, Chair
  • Vickie Bajtelsmit
  • Dick Davies
  • John Deinum
  • John Gist
  • Howard Iams
  • Cindy Levering
  • Betty Meredith
  • Anna Rappaport
  • Joe Tomlinson
  • John Turner
  • Jack VanDerhei
  • Wendy Weiss
  • Steve Siegel, Research Actuary
  • Barbara Scott, Research Administrator