| ISSN: | 1640-1808 |
Z WARSZTATÓW BADAWCZYCH
How to effectively encourage Poles to save
for retirement?
The use of achievements of behavioural economics
in the construction of Employee Capital Plans
1
Department of Risk Management and Insurance
Cracow University of Economics
Publication date: 2020-05-21
Corresponding author
Tomasz Jedynak
Katedra Zarządzania Ryzykiem i Ubezpieczeń, Uniwersytet Ekonomiczny w Krakowie, ul. Rakowicka 27, 31-510 Kraków; author’s email address: tomasz.jedynak@uek.krakow.pl
Katedra Zarządzania Ryzykiem i Ubezpieczeń, Uniwersytet Ekonomiczny w Krakowie, ul. Rakowicka 27, 31-510 Kraków; author’s email address: tomasz.jedynak@uek.krakow.pl
Problemy Polityki Społecznej 2019;45:33-46
KEYWORDS
ABSTRACT
The research problem undertaken in this study concerns, in particular, assessment of the
effectiveness of solutions based on behavioural economics that will be implemented in
Employee Capital Plans (ECP; in Polish: pracownicze plany kapitałowe—PPK) in the
scope of achieving widespread popularity of voluntary pension savings and stimulating
the desired amount of voluntary retirement savings. The research goals are realized on
the basis of a meta-analysis of research conducted in the countries where behavioural
incentives in stimulating voluntary retirement savings have already been applied. The
conclusion is that applying behavioural solutions, such as automatic enrolment, could
potentially contribute to increasing the universality of additional savings for retirement.
The effectiveness of the ECP in stimulating additional savings in the desired amount,
however, is limited. It was also indicated that the potential of behavioural economics in
ECP has not been fully utilized. In particular, this concerns the absence of a mechanism of automatic escalation of the premium and the lack of any behavioural incentives after
reaching the retirement age.
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| ISSN: | 1640-1808 |
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