Emocje a oszczędności emerytalne osób młodych - wyniki badań eksperymentalnych

Abstract

Purpose – Purpose of research presented in the article was to analyze what emotions are induced when young adults assess effects of their long-term private non-pension investment compared to value change of obligatory pension savings. Methodology – Experimental study in 2x2 scheme was provided. 104 young adults aged 19-23 that were asked do make decisions on their long-term private investments (control group) or long-term obligatory pension plan (experimental group). Scenarios were moderated by result (profit or loss) achieved during the previous 4-year investment period in both cases. Assets were invested privately in stocks and bank deposits or saved to 2-Tier obligatory pension system: public pension institution (ZUS) and open pension fund (OFE). Findings – Results evidenced that more negative emotions were induced when decisions in public pension system were considered than in case of self-managed investment. Young adults followed trends, gambler’s illusion and no matter what investment result was average general assessment of the public pension institution (ZUS) remained very low. Originality/Value - Results allow for a better understanding of observed phenomenon of young adults’ passiveness in saving for retirement and saving in general that may be caused not only by limited income but behavioral mechanisms as well.