Abstract
Despite the link between smoking and reduced lifespan, the effect of smoking on retirement savings withdrawal remains understudied. We investigate the impact of various leaflets on smokers’ retirement choices: (a) smoker vs. non-smoker life expectancies, (b) smoking’s health effects, (c) health impact with government’s advice to consider health upon retirement, or (d) combined smoker’s life expectancy and health info. Analyzing data from 2,000 smokers, we find that those informed about smoking’s lifespan impact, alone or with health consequences, were likelier to opt for lump sum over annuity. This suggests that informing smokers about smoking’s harms can influence their retirement choices.
| Original language | English |
|---|---|
| Title of host publication | Behavioral Finance |
| Subtitle of host publication | Beyond the basics |
| Editors | Itzhak Venezia, Rachel Calipha |
| Publisher | World Scientific Publishing |
| Chapter | 7 |
| Pages | 161-183 |
| Number of pages | 23 |
| ISBN (Electronic) | 978-981-12-9064-0 |
| ISBN (Print) | 978-981-12-9062-6 |
| DOIs | |
| Publication status | E-pub ahead of print - 16 Oct 2024 |
Publication series
| Name | World Scientific Lecture Notes in Finance |
|---|---|
| Publisher | World Scientific |
| ISSN (Print) | 2424-9939 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 3 Good Health and Well-being
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