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Research Article

Money illusion in retirement savings with a minimum guarantee

Catherine Donnellya Department of Actuarial Mathematics and Statistics, and the Maxwell Institute for Mathematical Sciences, Heriot-Watt University, Edinburgh, United Kingdom

Gaurav Khemkab Research School of Finance, Actuarial Studies & Statistics, College of Business and Economics, Australian National University, Acton, Australia

William Limb Research School of Finance, Actuarial Studies & Statistics, College of Business and Economics, Australian National University, Acton, AustraliaCorrespondence[email protected]

Received 29 Apr 2024, Accepted 19 Jul 2024, Published online: 30 Jul 2024

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https://doi.org/10.1080/03461238.2024.2383864
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