Many recent pension reforms require individuals to make more decisions on supplementary savings, investment choices, etc. Governments and the pension industry try to assist individuals through pension communication but little is known about the effectiveness of such policies. This paper uses Dutch longitudinal data to analyse the causal links between communication, pension knowledge, and conscious pension decision-making. A robust finding is that pension knowledge has a positive causal effect on active pension decision-making. Providing an annual pension statement might have a small positive effect on pension knowledge, but this result is sensitive to the identifying assumptions.

最近的许多养老金改革要求个人在补充储蓄，投资选择等方面做出更多决策。政府和养老金行业试图通过养老金交流来协助个人，但人们对这种政策的有效性知之甚少。本文使用荷兰的纵向数据来分析沟通，养老金知识和有意识的养老金决策之间的因果关系。一个可靠的发现是，养老金知识对积极的养老金决策具有积极的因果作用。提供年度养老金报表可能会对养老金知识产生较小的积极影响，但是该结果对确定的假设敏感。