Individual financial decisions in retirement saving plans: The role of participant-direction

Journal of Public Economics

Volumn 88, Issue 1-2, 2004, Pages 39-61

  Papke, Leslie E ^a  

^a MICHIGAN STATE UNIVERSITY   (United States)

Author keywords

Defined contribution pension plans; Investment choice; Retirement saving

Indexed keywords

EID: 0142056029     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0047-2727(02)00074-9     Document Type: Article

References (21)

1. Angrist J.D. 1991 Instrumental variables estimation of average treatment effects in econometrics and epidemiology. NBER Technical Working Paper Number 115.
2. Ameriks J. King F.P. Warshawsky M. 1997 Premium allocations and accumulations in TIAA-CREF-Trends in participant choices among assets classes and investment accounts. TIAA-CREF Research Dialogues, Issue Number 51.
3. Bajtelsmit V.L. VanDerhei J. Risk aversion and pension investment choices. In: Gordon M.S. Mitchell O.S. Twinney M.M. (Eds.), Positioning Pensions for the Twenty-first Century 1997 45-66 University of Pennsylvania Press
4. Bernheim B.D. Rethinking saving incentives. In: Auerbach A.J. (Ed.), Fiscal Policy: Lessons from Economic Research 1997 259-311 MIT Press Cambridge
5. Bernheim B.D. Garrett D.M. 1996 The determinants and consequences of financial education in the workplace: evidence from a survey of households. NBER Working Paper Number 5667.
6. Bodie Z. Crane D.B. 1997 Personal investing: advice, theory, and evidence from a survey of TIAA-CREF participants. Harvard Business School Division of Research Working Paper 97-087.
7. Bodie Z. Merton R. Samuelson W. Labor supply flexibility and portfolio choice in a life-cycle model Journal of Economic Dynamics and Control 16 1992 427-439
8. Employee Benefit Research Institute Fundamentals of Employee Benefit Programs 5th Edition 1997 Employee Benefit Research Institute Washington, DC
9. Hinz R.P. McCarthy D.D. Turner J.A. Are women conservative investors? Gender differences in participant-directed pension investments. In: Gordon M.S. Mitchell O.S. Twinney M.M. Positioning (Eds.), Pensions for the Twenty-first Century 1997 91-103 University of Pennsylvania Press Philadelphia
10. Holden S. VanDerhei J. 2001 401(k) Plan asset allocation, account balances, and loan activity in 1999. EBRI Issue Brief Number 230, Employee Benefit Research Institute, February.
11. Muller L.A. 2000 Essays on retirement education and private pensions. Ph.D. dissertation, Michigan State University.
12. Papke L.E. Participation in and contributions to 401(k) pension plans: evidence from plan data Journal of Human Resources 30 1995 311-325
13. Papke L.E. Are 401(k) plans replacing other employer-provided pensions? Evidence from Panel Data Journal of Human Resources 34 1999 346-368
14. Poterba J.M. Taxation and portfolio structure: issues and implications. In: Guiso L. Haliassos M. Jappelli T. (Eds.), Household Portfolios 2001 103-142 MIT Press
15. Poterba J.M. Wise D.A. Individual financial decisions in retirement saving plans and the provision of resources for retirement. In: Feldstein M. (Ed.), Privatizing Social Security 1998 University of Chicago Press Chicago
16. Samuelson P.A. A case at last for age-phased reduction in equity Proceedings of the National Academy of Sciences 86 1989 9048-9051
17. Thaler R.H. Shefrin H. An economic theory of self-control Journal of Political Economy 89 1981 392-406
18. U.S. Department of Labor, Pension and Welfare Benefits Administration, 2001. Private pension plan bulletin: abstract of 1997 Form 5500 annual reports. Number 10, Winter.
19. U.S. Government Accounting Office, 1997. Private pensions: plan features provided by employers that sponsor only defined contribution plans. GAO/GGD-98-23. General Accounting Office, Washington, December.
20. Wiatrowski W.J. Putting stock in benefits: how prevalent is it? Compensation and Working Conditions Fall 2000 2-7
21. Wooldridge J.M. 1997 Estimating average partial effects under conditional moment independence assumptions. Working Paper, Michigan State University, East Lansing, September.