State wage-payment laws, the Pension Protection Act of 2006, and 401(k) saving behavior

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

I show empirically that state wage-payment laws, which forbid deductions from wages and salaries without the written permission of the employee, constituted a binding constraint on firms' choices to adopt automatic enrollment in 401(k) plans prior to 2006.

Original languageEnglish (US)
Pages (from-to)237-240
Number of pages4
JournalEconomics Letters
Volume113
Issue number3
DOIs
StatePublished - Dec 2011

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Keywords

  • 401(k)s
  • Automatic enrollment
  • Pension choice

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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