Coverart for item
The Resource $100 bills on the sidewalk : suboptimal saving in 401(k) plans, James J. Choi, David Laibson, Brigitte C. Madrian, (electronic resource)

$100 bills on the sidewalk : suboptimal saving in 401(k) plans, James J. Choi, David Laibson, Brigitte C. Madrian, (electronic resource)

Label
$100 bills on the sidewalk : suboptimal saving in 401(k) plans
Title
$100 bills on the sidewalk
Title remainder
suboptimal saving in 401(k) plans
Statement of responsibility
James J. Choi, David Laibson, Brigitte C. Madrian
Title variation
One hundred dollar bills on the sidewalk
Creator
Contributor
Subject
Language
eng
Summary
"It is typically difficult to determine whether households save optimally. But in some cases, savings incentives are strong enough to imply sharp normative restrictions. We consider employees who receive employer matching contributions in their 401(k) plan and are allowed to make discretionary, penalty-free, in-service withdrawals. For these employees, contributing below the match threshold is a dominated action. Nevertheless, half of employees with these clear-cut incentives do contribute below the match threshold, foregoing matching contributions that average 1.3% of their annual pay. Providing these "undersavers" with specific information about the free lunch they are giving up fails to raise their contribution rates"--National Bureau of Economic Research web site
Member of
Cataloging source
DLC
http://library.link/vocab/creatorName
Choi, James J
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Laibson, David I
  • Madrian, Brigitte C.
  • National Bureau of Economic Research
Series statement
NBER working paper series
Series volume
working paper 11554
http://library.link/vocab/subjectName
  • 401(k) plans
  • Saving and investment
Label
$100 bills on the sidewalk : suboptimal saving in 401(k) plans, James J. Choi, David Laibson, Brigitte C. Madrian, (electronic resource)
Instantiates
Publication
Note
Title from PDF file as viewed on 8/25/2005
Bibliography note
Includes bibliographical references
Control code
ssj0000800248
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Lccn
2005619198
Specific material designation
remote
System control number
(WaSeSS)ssj0000800248
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web
Label
$100 bills on the sidewalk : suboptimal saving in 401(k) plans, James J. Choi, David Laibson, Brigitte C. Madrian, (electronic resource)
Publication
Note
Title from PDF file as viewed on 8/25/2005
Bibliography note
Includes bibliographical references
Control code
ssj0000800248
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Lccn
2005619198
Specific material designation
remote
System control number
(WaSeSS)ssj0000800248
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web

Library Locations

    • Bowdoin College LibraryBorrow it
      3000 College Station, Brunswick, ME, 04011-8421, US
      43.907093 -69.963997
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