Plan Design and 401(k) Savings OutcomesJames J. Choi, David Laibson, Brigitte C. Madrian
NBER Working Paper No. 10486 We assess the impact of 401(k) plan design on four different 401(k) savings outcomes: participation in the 401(k) plan, the distribution of employee contribution rates, asset allocation, and cash distributions. We show that plan design can have an important effect on all of these savings outcomes. This suggests an important role for both employers in determining how to structure their 401(k) plans and government regulators in creating institutions that encourage or discourage particular aspects of 401(k) plan design. An NBER digest for this paper is available. The NBER Bulletin on Aging and Health provides summaries of publications like this.
You can sign up to receive the NBER Bulletin on Aging and Health by email. Published: Choi, James J., David Laibson and Brigitte C. Madrian. “Plan Design and 401(k) Savings Outcomes.” National Tax Journal 57 (June 2004): 275-298. This paper is available as PDF (427 K) or via email.
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