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

Xiao, Jing Jian, Saving Motives and 401(K) Contributions. Available at SSRN:

Jing Jian Xiao (Contact Author)

University of Rhode Island ( email )

Transition Center
Kingston, RI 02881
United States
401-874-2547 (Phone)
401-874-4020 (Fax)


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