Does 401(k) Eligibility Increase Saving? Evidence from Propensity Score Subclassification

@article{Benjamin2003Does4E,
  title={Does 401(k) Eligibility Increase Saving? Evidence from Propensity Score Subclassification},
  author={D. Benjamin},
  journal={Journal of Public Economics},
  year={2003},
  volume={87},
  pages={1259-1290}
}
  • D. Benjamin
  • Published 2003
  • Economics
  • Journal of Public Economics
By comparing 401(k) eligible and ineligible households' wealth, this paper estimates that, on average, about one half of 401(k) balances represent new private savings, and about one quarter of 401(k) balances represent new national savings. Responses to eligibility vary considerably, however, with households who normally save the most largely contributing funds they would have saved anyway. This paper improves on previous research by (1) employing propensity score subclassification to control… Expand
146 Citations

Tables from this paper

How Do 401(k)s Affect Saving? Evidence from Changes in 401(k) Eligibility
  • 71
  • PDF
BORROWING FROM THE FUTURE? 401(K) PLAN LOANS AND LOAN DEFAULTS
  • 4
  • PDF
Who Benefits from Asset-Building Tax Subsidies?
  • 11
  • PDF
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 36 REFERENCES
401(K)S and Household Saving: New Evidence from the Survey of Consumer Finances
  • 74
  • PDF
Have 401(K)S Raised Household Saving? Evidence from the Health and Retirement Study
  • 38
  • Highly Influential
  • PDF
Do 401(K) Contributions Crowd Out Other Persoanl Saving?
  • 272
  • Highly Influential
  • PDF
The Effects of Tax-Based Saving Incentives on Saving and Wealth
  • 32
  • Highly Influential
Implications of Rising Personal Retirement Saving
  • 37
  • PDF
Are 401(K) Plans Replacing Other Employer-Provided Pensions? Evidence from Panel Data
  • 64
  • PDF
Reducing Bias in Observational Studies Using Subclassification on the Propensity Score
  • 3,527
Do Saving Incentives Work?
  • 191
  • Highly Influential
  • PDF
...
1
2
3
4
...