TITLE

The Dark Side of Choice: When Choice Impairs Social Welfare

AUTHOR(S)
Botti, Simona; Iyengar, Sheena S.
PUB. DATE
May 2006
SOURCE
Journal of Public Policy & Marketing;Spring2006, Vol. 25 Issue 1, p24
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article highlights the costs and benefits of creating choice and discusses how much choice policy makers, employers, and retailers should give to the consumer and in what form it should be given. Choice in terms of goods and services use has been suggested as a way to improve social welfare, but it can also have a detrimental effect. The article gives examples of the United States government's attempts to regulate social welfare through choice, including President George W. Bush's suggesting that young Americans rely on voluntary personal retirement accounts rather than social security.
ACCESSION #
21065902

 

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