Gordon L Clark FBA, DSc also holds a Professorial Fellowship at St Peter's College. Previously Director of the Oxford University Centre for the Environment, his research focuses on global finance and the governance of related institutions as well as the nature and scope of individual retirement saving in the context of market risk and uncertainty. Published books include the forthcoming Sovereign Wealth Funds (Princeton University Press 2012) (with Ashby Monk), the edited Managing Financial Risk (Oxford University Press 2009) (with Ashby Monk and Adam Dixon), The Geography of Finance (OUP 2007) (with Dariusz Wójcik), Pension Fund Capitalism (OUP 2000), European Pensions and Global Finance (OUP 2003), and the co-edited Oxford Handbook of Economic Geography (OUP 2000). At Oxford, he serves as a trustee of the Oxford Staff Pension Scheme and is an elected member of the University Socially Responsible Investment Review Committee.Kendra Strauss is a feminist economic geographer and Research Associate in Urban Political Economy in the School of Geographical and Earth Sciences, University of Glasgow. She holds a BA in Cultural Studies from McGill University and an MSc and DPhil in Geography from University of Oxford, and is also affiliated with the Inter-University Centre on Globalization and Work (CRIMT). Her research interests include the political economy of occupational pensions, critical approaches to financial decision-making and the gender pension gap. Her work also focuses on the interrelation of labour markets and pension systems at a range of scales, from macro political-economic processes of globalisation and financialisation to the rise of precarious work and trends in pension inequality.Janelle Knox-Hayes is an assistant professor in the School of Public Policy at the Georgia Institute of Technology, and a research associate at the Oxford University Department of Geography and Environment. Janelle's research interests lie in the institutional development of emissions markets and other forms of environmental finance. Her recent publications include 'The Developing Carbon Financial Service Industry' (Journal of Economic Geography) and 'Constructing Carbon Market Spacetime' (Annals of the Association of American Geographers). She is currently developing a project to investigate the institutional structures of environmental finance in Asia.

This book brings a new perspective on the pension-planning process and challenges the standard model of behavior and by doing so it should inspire further research. It provides a comprehensive analysis, although the conclusions from the chapters on the functioning of markets are less clear. The findings raise important questions for the design of pension plans and also gives insights to effective ways of reaching participants through information and advisors. The book should be interesting reading to anyone interested in the field of pensions. Journal of Economic Literature

• 1. Introduction ; 2. Environment and Behaviour ; 3. Risk Propensities ; 4. Sophistication, Salience, and Scale ; 5. Being in the Market ; 6. Housing, Retirement Saving, and Risk Aversion ; 7. The Demand for Annuities ; 8. The 'New' Paternalism ; 9. Pension Adequacy and Sustainability

Gordon L Clark FBA, DSc also holds a Professorial Fellowship at St Peter's College. Previously Director of the Oxford University Centre for the Environment, his research focuses on global finance and the governance of related institutions as well as the nature and scope of individual retirement saving in the context of market risk and uncertainty. Published books include the forthcoming Sovereign Wealth Funds (Princeton University Press 2012) (with Ashby Monk), the edited Managing Financial Risk (Oxford University Press 2009) (with Ashby Monk and Adam Dixon), The Geography of Finance (OUP 2007) (with Dariusz Wójcik), Pension Fund Capitalism (OUP 2000), European Pensions and Global Finance (OUP 2003), and the co-edited Oxford Handbook of Economic Geography (OUP 2000). At Oxford, he serves as a trustee of the Oxford Staff Pension Scheme and is an elected member of the University Socially Responsible Investment Review Committee.Kendra Strauss is a feminist economic geographer and Research Associate in Urban Political Economy in the School of Geographical and Earth Sciences, University of Glasgow. She holds a BA in Cultural Studies from McGill University and an MSc and DPhil in Geography from University of Oxford, and is also affiliated with the Inter-University Centre on Globalization and Work (CRIMT). Her research interests include the political economy of occupational pensions, critical approaches to financial decision-making and the gender pension gap. Her work also focuses on the interrelation of labour markets and pension systems at a range of scales, from macro political-economic processes of globalisation and financialisation to the rise of precarious work and trends in pension inequality.Janelle Knox-Hayes is an assistant professor in the School of Public Policy at the Georgia Institute of Technology, and a research associate at the Oxford University Department of Geography and Environment. Janelle's research interests lie in the institutional development of emissions markets and other forms of environmental finance. Her recent publications include 'The Developing Carbon Financial Service Industry' (Journal of Economic Geography) and 'Constructing Carbon Market Spacetime' (Annals of the Association of American Geographers). She is currently developing a project to investigate the institutional structures of environmental finance in Asia.

This book brings a new perspective on the pension-planning process and challenges the standard model of behavior and by doing so it should inspire further research. It provides a comprehensive analysis, although the conclusions from the chapters on the functioning of markets are less clear. The findings raise important questions for the design of pension plans and also gives insights to effective ways of reaching participants through information and advisors. The book should be interesting reading to anyone interested in the field of pensions. Journal of Economic Literature

• 1. Introduction ; 2. Environment and Behaviour ; 3. Risk Propensities ; 4. Sophistication, Salience, and Scale ; 5. Being in the Market ; 6. Housing, Retirement Saving, and Risk Aversion ; 7. The Demand for Annuities ; 8. The 'New' Paternalism ; 9. Pension Adequacy and Sustainability