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The Separation Of Intelligence And Control: Retirement Savings And The Limits Of Soft Paternalism, Jacob Hale Russell Feb 2015

The Separation Of Intelligence And Control: Retirement Savings And The Limits Of Soft Paternalism, Jacob Hale Russell

William & Mary Business Law Review

“Soft paternalism” is in vogue among academics and lawmakers, but too much is being asked of it. This Article studies soft paternalist techniques—including nudging and disclosure—which have been used in the employersponsored retirement system. Defined-contribution retirement plans represent an ideal test case for libertarian paternalism: there has been extensive experimentation, and nudge advocates have often held up such plans as successes. In particular, this Article focuses on investment allocation decisions in retirement portfolios, and suggests that we should be skeptical of the ability of soft paternalism to improve those decisions. When a domain is rife with conflicts of interest—as in …


Morality And Contract: The Question Of Paternalism, James Gordley Apr 2007

Morality And Contract: The Question Of Paternalism, James Gordley

William & Mary Law Review

No abstract provided.


Promises And Paternalism, E. Allan Farnsworth Feb 2000

Promises And Paternalism, E. Allan Farnsworth

William & Mary Law Review

No abstract provided.