Future Focus is Surprisingly Linked with Prioritizing Work-Life Balance over Long-Term Savings

Eyal Lahav, Guy Barokas, Tal Shavit

פרסום מחקרי: פרסום בכתב עתמאמרביקורת עמיתים

תקציר

The classic economic prediction is that long-term savings become more important as individuals become more future oriented. However, we expect future-oriented individuals to be more concerned with the long-term effects of work-life imbalance, leading us to hypothesize a positive correlation between future orientation and a choice of present work-life balance over work related long-term savings. In an online survey with open-university students, we confirmed our hypothesis. Important policy implications are discussed. The findings highlight a potential shift in priorities post-COVID-19, with significant implications for policies aimed at enhancing retirement savings. They suggest that promoting WLB can lead to a decrease in long-term savings, indicating a need for balanced policy measures that consider both well-being and future financial security.

שפה מקוריתאנגלית
עמודים (מ-עד)1329-1339
מספר עמודים11
כתב עתB.E. Journal of Economic Analysis and Policy
כרך24
מספר גיליון4
מזהי עצם דיגיטלי (DOIs)
סטטוס פרסוםפורסם - 1 אוק׳ 2024

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