NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts: Evidence from Denmark

Raj Chetty, John N. Friedman, Soren Leth-Petersen, Torben Nielsen, Tore Olsen

NBER Working Paper No. 18565
Issued in November 2012

---- Acknowledgements -----

We thank Christopher Carroll, James Choi, Gary Engelhardt, William Gale, Nathan Hendren, Lawrence Katz, Patrick Kline, David Laibson, Brigitte Madrian, Jonathan Parker, James Poterba, Emmanuel Saez, Andrew Samwick, Laszlo Sandor, Karl Scholz, Jesse Shapiro, Jonathan Skinner, Danny Yagan, anonymous referees, and numerous seminar participants for helpful comments and discussion. Sarah Abraham, Shelby Lin, Alex Olssen, Heather Sarsons , Michael Stepner, and Evan Storms provided outstanding research assistance. This research was supported by The Danish Council for Independent Research and by the U.S. Social Security Administration through grant #5 RRC08098400-05-00 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium . The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the Federal Government, or the NBER. John Friedman is currently on leave from Harvard, working at the National Economic Council. This work does not represent the views of the NEC.

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