Individual investment behaviour: a brief review of research

This brief review of research was carried out to inform whether the Personal Accounts Delivery Authority (PADA) should be making decisions for its members with regard to pension fund choices.

The findings are based on a review of around 80 items, mostly involving research carried out in the US and UK. The body of evidence mainly comes from the discipline of economics and the field of behavioural economics in particular. Survey data was the most common type of evidence, but the review included qualitative research as well.

Individual investment behaviour: a brief review of research (PDF, 147kB)