Implications of Pension Plan Features, Information, and Social Interactions for Retirement Saving Decisions
- 15 July 2004
- book chapter
- Published by Oxford University Press (OUP)
Abstract
This chapter examines the factors influencing enrolment in 401(k) retirement plans. In one study, a random sample of employees was asked to attend a benefits information fair organised by the employer. It was found that employees’ decisions to participate in the plan were influenced by their peers rather than the information provided by the fair.Keywords
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