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Research Publications


George Smyrnis, Hazel Bateman, Loretti Dobrescu, Ben R. Newell and Susan Thorp

Abstract: Can projections of retirement wealth and income motivate pension plan participants to save more? Results of field and online experiments show that participants who see both retirement balance and income projections increase voluntary savings. In the field study, conducted by a large Australian pension plan in 2013-14, participants of the treatment group received current balance, projected retirement balance and projected retirement income information, while participants of the control received only current balance information. Within one year of the treatment, the frequency, and average amount, of voluntary savings by treated plan participants rose significantly, as did the rate of participants interactions with the plan. In the related online experiment conducted in 2017, we tested the relative effect of information on (i) current balance; (ii) current balance and projected retirement balance; (iii) current balance and projected retirement income; and (iv) current balance, projected retirement balance and projected retirement income. Consistent with the field trial, the combination of retirement balance and income projections motivates a significantly higher retirement savings accumulation, after a sequence of ten savings decisions, than current balance information alone. Together our results strongly endorse recent changes to retirement plan benefit statement guidelines initiated by pension regulators globally.

Keywords: pensions, field experiment, benefit projections

Understanding barriers to the realization of human rights among older women with mental health conditions

Hamilton, M., Peisah, C., Rabheru, K., Ayalon, L., Stoppe, G. and de Mendonça Lima, C. (2021). American Journal of Geriatric Psychiatry. Issue 10, 1009-1014

Prospective associations of chronic and intrusive pain with sarcopenia and physical disability amongst older Australian men: The Concord Health and Ageing in Men Project

Scott, D., Blyth, F., Naganathan, V., Le Couteur, D.G., Handelsman, D.J., Seibel, M.J., Waite, L.M. and Hirani, V. (2021). Experimental Gerontol. 151 article 111501 

Negative spillovers from parental conflicts and implied inequality: evidence from China

Xu, J. and Yu, D. (2021). Education Economics

The ageing prisoner population: demographic shifts in Australia and implications for the economic and social costs of health care

Ginnivan, N., Chomik, R., Hwang, Y.I., Piggott, J., Butler, T. and Withall, A. (2021). International Journal of Prisoner Health.

Ownership, quality and prices of nursing homes in Australia: Why greater private sector participation did not improve performance

Yong, J., Yang, O., Zhang, Y. and Scott, A. (2021). Health policy

Social Cognition and Social Functioning in MCI and Dementia in an Epidemiological Sample

Eramudugolla, R., Huynh, K., Zhou, S., Amos, J., Anstey, K. (2021). Journal of the International Neuropsychological Society.

Local Area Estimates and Geographical Patterns of Australia’s Sexual Minority Population

Wilson, T., Temple, J. (2021). Applied Spatial Analysis and Policy.

Human resource management practices and organizational injury rates

Turner, N., Barling, J., Dawson, J. F., Deng, C., Parker, S. K., Patterson, M. G., & Stride, C. B. (2021). Journal of Safety Research. 78, 69-79