Pension Plan Characteristics and Framing Effects in Employee Savings Behavior
研究发现，高校教师的补充储蓄对员工养老金缴款比雇主缴款更敏感，这种不对称性源于薪酬中工资和养老金部分的边际储蓄倾向不同，但对终身效用影响较小。
Defined contribution pensions in many postsecondary institutions are funded by a combination of an employer premium and a mandatory employee premium. Individuals can also contribute to a supplemental savings account. Holding constant total compensation, standard reasoning suggests that supplemental savings should depend negatively on the sum of the employer and employee pension contributions. Contrarily, we find that the supplementary savings of professors are significantly more sensitive to employee contributions than to employer contributions. This asymmetry is consistent with different marginal propensities to save out of the salary and pension components of compensation. Nevertheless, impacts on lifetime utility are relatively modest. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.