In recent decades, there have been considerable changes, not only in the saving habits and tools of Quebecers and Canadians, their governments and their employers, but also in the vision and definition of retirement. Profound and constant transformations in the labour market as well as socio-demographic and technological elements have all played a role in these changes.
The supply of financial products for savings and risk management in personal finance has grown significantly over the last 40 years, in an environment where money savers have limited financial knowledge, and in which decision-making has been clearly shown to be influenced by perceptions and psychological factors. How to achieve the right balance between the needs of consumers, the role played by the financial sector, the regulatory framework and public policy on retirement and savings? The Retirement and Savings Institute created by HEC Montréal addresses these specific issues, which have been scarcely studied in Québec universities.
Mission and objectives
The Retirement and Savings Institute wants to promote cutting-edge research at HEC Montréal, with the aim of better understanding the issues related to retirement, savings and insurance. To do this, the Institute will specifically seek to:
- Promote the establishment of a critical mass of researchers on savings and retirement, in several disciplines and fields represented at HEC Montréal;
- Support the recruitment of world-class professors and researchers at HEC Montréal;
- Support the organization of international-level thematic events;
- Support the dissemination and transfer of research findings on the topics of retirement and savings.