Abstract
The classic economic prediction is that long-term savings become more important as individuals become more future oriented. However, we expect future-oriented individuals to be more concerned with the long-term effects of work-life imbalance, leading us to hypothesize a positive correlation between future orientation and a choice of present work-life balance over work related long-term savings. In an online survey with open-university students, we confirmed our hypothesis. Important policy implications are discussed. The findings highlight a potential shift in priorities post-COVID-19, with significant implications for policies aimed at enhancing retirement savings. They suggest that promoting WLB can lead to a decrease in long-term savings, indicating a need for balanced policy measures that consider both well-being and future financial security.
Funding source: the Open University research authority
Award Identifier / Grant number: 512073
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Research funding: This work was supported by the Open University research authority (512073).
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Supplementary Material
This article contains supplementary material (https://doi.org/10.1515/bejeap-2024-0117).
© 2024 Walter de Gruyter GmbH, Berlin/Boston
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Articles in the same Issue
- Frontmatter
- Research Articles
- Women’s Labour Market Attachment and the Gender Wealth Gap
- Terror in the City: Local Terrorism and Firm Exports
- Achievement Effects of Dual Language Immersion in One-Way and Two-Way Programs: Evidence from a Statewide Expansion
- Test Endurance and Remedial Education Interventions: Good News for Girls
- Patent Clearinghouse and Technology Diffusion: What is the Contribution of Arbitration Agreements?
- How Much Competition is Enough Competition for Regulatory Forbearance?
- Waiting for the Weekend – The Adoption and Proliferation of Weekend Feeding (“BackPack”) Programs in Schools
- The Effect of Inheritance Receipt on Labor Supply: A Longitudinal Study of Japanese Women
- Letters
- Time Preferences and Lunar New Year: An Experiment
- Outsourcing Child Labor
- Future Focus is Surprisingly Linked with Prioritizing Work–Life Balance over Long-Term Savings
- Inmate Assistance Programs
- On Plaintiffs’ Strategic Information Acquisition and Disclosure during Discovery