MAP20130023977Volkman Wise, JacquelinePension portfolio choice and peer envy / Jacqueline Volkman WiseSumario: I examine the effect of envy on the portfolio allocation of workers in a defined contribution (DC) pension plan. If a worker¿s DC plan performs better than his co-worker¿s, he may gloat; on the other hand, if his DC plan performs worse, he may feel envy. I model anticipated envy when workers make portfolio allocations, and find that in equilibrium, workers will mimic their co-worker¿s allocation to eliminate the disutility from envy. This portfolio allocation is riskier than that of a worker who does not exhibit envyEn: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 03/06/2013 Volumen 80 Número 2 - junio 2013 I. Título.
