Earnings Experience and its Impact on 401(k) Contribution Behavior

Teresa GhilarducciJoelle Saad-LesslerGayle Reznik
Written By SCEPA

RELAB WORKING PAPER

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This study finds that economic shocks and other factors continuously cause changes in 401(k) contributions.

When it comes to making contributions to their retirement savings, people's anxiety overcomes inertia. This study finds that while workers may tend toward a path of least resistance, economic shocks, spousal behavior, and changes in pension plan details continuously cause changes in 401(k) contributions.

SCEPA
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