An empirical investigation of individuals' engagement with superannuation products

Thomas, Christopher R. (2010). An empirical investigation of individuals' engagement with superannuation products Master's Thesis, School of Economics, The University of Queensland.

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Author Thomas, Christopher R.
Thesis Title An empirical investigation of individuals' engagement with superannuation products
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 2010
Thesis type Master's Thesis
Total pages 56
Language eng
Subjects 14 Economics
Formatted abstract
Given the retirement funding challenges presented by an ageing population, governments and corporations are increasingly shifting this risk to individuals. The success of such endeavours, however, may depend on the willingness of individuals to accept this responsibility and actively engage with their superannuation. Existing literature suggests that current levels of engagement may be inadequate.

Extending previous research by Worthington (2008), this study presents a new empirical dataset containing the interactions of individuals with a leading Australian superannuation provider. Five thousand individuals are observed on a continuous basis over a five-year period, with client-initiated transactions being used as a proxy for engagement. As the data is a direct record of client motivated contact, it is not affected by self-reporting bias that may be present in survey and interview-based data. As such, it provides a new perspective on the existing literature.

Preliminary findings are presented which broadly support those of Worthington. Females are less engaged than males, and those in regional areas are more engaged than those in capital city locations. Occupation type and age group affect engagement, however these effects vary between the two studies.

Further research opportunities using the dataset are flagged, including the relationship between engagement and financial market volatility, and the impact of engagement on individual investment performance. Basic models of these relationships are presented.

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
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Created: Sat, 06 Nov 2010, 11:32:47 EST by Ning Jing on behalf of The University of Queensland Library