Money on the table: Some evidence on the role of liquidity constraints in 401(k) saving

Gary V. Engelhardt, Anil Kumar

Research output: Contribution to journalArticle

Abstract

Using Health and Retirement Study data on contributions, earnings, and pension plans, we examine the role of liquidity constraints in explaining why employees fail to take full advantage of employer matching contributions in 401(k) plans, leaving "money on the table.".

Original languageEnglish (US)
Pages (from-to)402-404
Number of pages3
JournalEconomics Letters
Volume99
Issue number2
DOIs
StatePublished - May 1 2008

Keywords

  • 401(k)s
  • Liquidity constraints
  • Saving

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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