Book Reviews

Abstract

Annika Sunden of The Swedish Pensions Agency reviews, “Saving for Retirement: Intention, Context, and Behavior” by Gordon L. Clark, Kendra Strauss, and Janelle Knox-Hayes. The EconLit abstract of this book begins: “Explores the behavioral revolution and its implications for understanding financial decision making and saving for the future. Discusses environment and behavior; risk propensities; sophistication, salience, and scale; being in the market; housing, retirement saving, and risk aversion; the demand for annuities; the ““new” paternalism; and pension adequacy and sustainability. Clark is Halford Mackinder Professor of Geography at the University of Oxford, Sir Louis Matheson Distinguished Visiting Professor at Monash University, and a Professorial Fellow at St. Peter's College, Oxford. Strauss is a University Lecturer in the Geography Department at the University of Cambridge and a Research Associate in the School of Geographical and Earth Sciences at the University of Glasgow. Knox-Hayes is Assistant Professor in the School of Public Policy at the Georgia Institute of Technology and Research Associate at the Oxford University School of Geography and the Environment. Bibliography; name and subject indexes.”