养老金个人账户投资选择权是养老金体制改革的一项重要创新,不同国家和地区对个人投资选择权的实施采取了不同方式。本文对国际养老金个人账户投资选择权进行了概述,并专门比较了智利和瑞典两国的实施情况,并就实施中的效应及其原因从行为经济学角度进行了分析。 Pension option investment is an important innovation in pension system reform. Different countries and regions take different approaches to the implementation of individual investment options. This paper gives an overview of the investment options of the international pension personal accounts, and compares the implementation status of the two countries in Chile and Sweden, and analyzes the effects and reasons of the implementation from the perspective of behavioral economics.