Choice and Other Determinants of Employee Contributions to Defined Contribution Plans

Boston College, Center for Retirement Research Working Paper No. 2004-06

23 Pages Posted: 15 May 2004

See all articles by Leslie E. Papke

Leslie E. Papke

Michigan State University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: March 2004

Abstract

Understanding the role that 401(k) plan characteristics - like investment choice - play in participation and employee contributions is important as more workers rely on this type of retirement plan and proposals for Social Security solvency include individual savings plans. Using the 1992 Health and Retirement Study, this paper investigates which individual and job characteristics are associated with asset choice in defined contribution plans. Investment choice is found to substantially increase contributions to defined contribution plans.

Suggested Citation

Papke, Leslie E., Choice and Other Determinants of Employee Contributions to Defined Contribution Plans (March 2004). Boston College, Center for Retirement Research Working Paper No. 2004-06. Available at SSRN: https://ssrn.com/abstract=546247 or http://dx.doi.org/10.2139/ssrn.546247

Leslie E. Papke (Contact Author)

Michigan State University - Department of Economics ( email )

East Lansing, MI 48824
United States
517-355-3773 (Phone)
517-432-1068 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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