Behavioral Economics Perspectives on Public Sector Pension Plans

John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian

NBER Working Paper No. 16728
Issued in January 2011

---- Acknowledgments ----

We thank Gwen Reynolds, Janelle Schlossberger, Jessica Zeng, Arash Alidoust, and John Klopfer for their help in going through state, county and city pension documents, calling many public pension offices, and compiling and analyzing the resulting data. Karl Scholz and the other participants in the NBER State and Local Pensions Conference provided many helpful comments. Financial support from the National Institute on Aging (grants R01-AG021650 and P01-AG005842) is gratefully acknowledged. The opinions and conclusions expressed are solely those of the authors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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