Saving Motives and 401(K) Contributions
Posted: 15 Jun 1998
This paper investigated worker motives for 401(k) contributions with data from the 1995 Survey of Consumer Finances. Employer matching and the ability to withdraw or borrow from the plan were related to greater contributions. In addition, risk tolerance, labor income, and years of working for the current employer were positively related to contributions.
JEL Classification: D91, E21, G23
Suggested Citation: Suggested Citation