An Investigation of the Determinants of Investment Risk Behavior in Employer-Sponsored Retirement Plans
通过对795名高校员工的调查，研究了人口统计变量和态度变量如何影响他们在固定缴费养老金计划中的投资风险选择，发现收入、年龄、自我效能等因素是关键决定因素。
This paper presents the results of an investigation of the determinants of investment risk behavior in employer-sponsored retirement plans. Using a field survey of 795 college and university employees, I examined the significance of demographic and attitudinal/dispositional variables on employees’ risk behavior in selecting among investment allocation options provided by defined contribution pension plans. The results identified primary causes of risky investment behavior including income, age, other retirement plan participation, self-efficacy, knowledge of investment principles and general risk propensity.