This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Journal: Economic Policy: Vol. 3 No. 4 (November 2011)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Policy - All Issues

AEJ: Policy Forthcoming Articles

How Do 401(k)s Affect Saving? Evidence from Changes in 401(k) Eligibility

Article Citation

Gelber, Alexander M. 2011. "How Do 401(k)s Affect Saving? Evidence from Changes in 401(k) Eligibility." American Economic Journal: Economic Policy, 3(4): 103-22.

DOI: 10.1257/pol.3.4.103

Abstract

This paper investigates the effect of 401(k) eligibility on saving. To address the possibility that eligibility correlates across individuals with their unobserved tastes for saving, I examine a change in eligibility: some individuals are initially ineligible for their 401(k) but become eligible when they have worked at their firm long enough. I find that eligibility raises 401(k) balances. Other financial assets and net worth respond insignificantly to eligibility, but the confidence intervals do not rule out substantial responses. In response to eligibility, IRA assets increase, consistent with a "crowd-in" hypothesis, and accumulation of cars decreases.(JEL D14, E21, J26)

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (92.02 MB)

Authors

Gelber, Alexander M. (U PA)

JEL Classifications

D14: Personal Finance
E21: Macroeconomics: Consumption; Saving; Wealth
J26: Retirement; Retirement Policies

Comments

View Comments on This Article (0) | Login to post a comment


American Economic Journal: Economic Policy


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Policy - All Issues

AEJ: Policy - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us