A Primer on 401(k) Loans

John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian

NBER Retirement Research Center Paper No. NB 08-09
Issued in September 2008

---- Acknowledgements -----

The research reported herein was pursuant to a grant from the U.S. Social Security Administration (SSA) funded as part of the Retirement Research Consortium (RRC). The findings and conclusions expressed are solely those of the author s and do not represent the views of SSA, the NIA, any other agency of the Federal Government, the NBER, or the RRC. We thank Hewitt Associates for providing data and insights into 401(k) loans from the perspective of a plan administrator. We are particularly grateful to Pam Hess, Yan Xu, and Kirsten Bradford for their feedback on this project. We are also indebted to Yeguang Chi, Eric Zwick, Anna Blank, and Chelsea Zhang for their research assistance. Additional financial support from the NIA (grants R01-AG021650 and T32-AG00186) is gratefully acknowledged.

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