David Laibson on Present Bias, Self-regulation, and Paternalism: A Behavioral Economist Peers into the Retirement Savings Gap from degrees for social workers Watch Video

⏲ Duration: 56 min 32 sec
✓ Published: 09-Jul-2021

Description:
A majority of non-retired adults report that they don’t feel on track in saving for retirement—that they’re in the gap between what they have and what they may need in retirement savings. Even with good intentions, they may lack the knowledge, the confidence, the determination that could help them close that gap. Behavioral economists work keenly to understand the tendency to be present-minded rather than future-oriented in making financial decisions, along with the role of self-control an