Work

Saving Motives And 401(k) Contributions

Year: 1997

Type: article

Abstract: 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. © 1997, Association for Financial Counseling and Planning Education.

Source: Journal of Media Literacy Education

Author: Jing Jian Xiao

Institution: University of Rhode Island

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2137900504

FWCI: 2.047

Cites: 17

Cited by: 16

Related to: 10