Construct · 1 fields · 1 citations

path of least resistance: a standalone construct

One name. One construct. A landmark on the map.

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Behavioral economics

employees tending to accept whatever plan option requires no action, so plan rules strongly shape retirement savings outcomes.

In behavioral economics, path of least resistance refers to employees tending to accept whatever plan option requires no action, so plan rules strongly shape retirement savings outcomes. This meaning comes from Choi (2002) in Tax Policy and the Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

action3 fields · 6 citationsjingle · one word, three constructs option4 fields · 9 citationsjingle · one word, four constructs path3 fields · 3 citationsjingle · one word, three constructs

References

Choi, J. J., Laibson, D., Madrian, B. C., & Metrick, A. (2002). Defined Contribution Pensions: Plan Rules, Participant Choices, and the Path of Least Resistance. Tax Policy and the Economy, 16, 67-113. https://doi.org/10.1086/654750

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