Work

Implications of Pension Plan Features, Information, and Social Interactions for Retirement Saving Decisions

Year: 2004

Type: book-chapter

Abstract: This chapter examines the factors influencing enrolment in 401(k) retirement plans. In one study, a random sample of employees was asked to attend a benefits information fair organised by the employer. It was found that employees’ decisions to participate in the plan were influenced by their peers rather than the information provided by the fair.

Source: Oxford University Press eBooks

DOI: 10.1093/0199273391.003.0008

Authors: Esther Duflo, Emmanuel Saez

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funder: National Science Foundation

Award: The Determinants of 401(k)Participation: The Role of Economic Incentives, Plan Design, Financial Education, and Peer Effects

OpenAlex ID: W2487263185

FWCI: 6.838

Cites: 10

Cited by: 60

Related to: 10