• DOI:10.1016/S0047-2727(01)00167-0
Corpus ID: 15834426

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

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