Regulatory mode and willingness to increase retirement savings contributions

Hyungsoo Kim, Serah Shin, Claudia J. Heath, Qun Zhang, E. Tory Higgins

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

This study examined how two self-regulatory modes, locomotion and assessment, relate to the willingness to increase retirement savings. Locomotion is concerned with making things happen (“just do it”). Assessment is concerned with critical evaluation (“do the right thing”). We hypothesized that individuals who score high (vs. low) in locomotion, but not those who score high (vs. low) in assessment, would be more willing to increase their savings for retirement. In addition, because high (vs. low) assessment can lead to doing the right thing in terms of seeking to maximize economic returns, we hypothesized that combining high locomotion with high assessment would especially motivate willingness to increase retirement savings. We found support for both hypotheses from a survey of university employees.

Original languageEnglish
Pages (from-to)436-445
Number of pages10
JournalJournal of Applied Social Psychology
Volume47
Issue number8
DOIs
StatePublished - Aug 2017

ASJC Scopus subject areas

  • Social Psychology

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