Objective
This proposal is to facilitate the transfer of the fellow’s internationally acclaimed expertise in behavioral economics, financial planning, and the design of financial education and counseling interventions into Europe, first, to use of principles of risk perception and risk communication to assess asset decumulation, debt management and financial planning strategies of European consumers in older age. Second, it aims to develop recommendations for the banking and financial advising industry, consumer protection agencies, and policy makers to assist in their communicating financial risks to those segments of European consumers that are particularly at risk of poverty in older age.
The research will be conducted in the UK, Germany, and the Netherlands, which represent well distinct pension systems in Europe, employing expert interviews, systematic literature review, in-depth interviews and a confirmatory survey of elderly consumers, and the review of financial communications to develop evidence-based recommendations.
The fellow will be hosted by Professor Bruine de Bruin, Chair of Behavioral Decision Making, Dr. Summers, Senior Lecturer and Director of the Centre for Decision Research, both of Leeds University Business School, and their international team at the Centre who are experts on risk perception, risk communication, and decision aids. The research will be deliberately designed to serve as template for an array of European countries, their financial planning contexts, and vulnerable population groups, thereby creating a significant multiplier effect. The investment of bringing the fellow’s expertise into Europe will contribute to increasing the financial stability of a growing, yet highly vulnerable aging population, thus directly generating social and economic benefits at EU level.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business economics
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2012-IIF
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Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
LS2 9JT Leeds
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.