The elasticity of intertemporal substitution: New evidence from 401(k) participation

Gary V. Engelhardt, Anil Kumar

Research output: Contribution to journalArticle

17 Scopus citations

Abstract

Using Health and Retirement Study data and a structural econometric model, we exploit variation in employer matching rates in 401(k) plans to generate new estimates of the EIS: 0.74 in our richest specification, with a 95% confidence interval of 0.37-1.21.

Original languageEnglish (US)
Pages (from-to)15-17
Number of pages3
JournalEconomics Letters
Volume103
Issue number1
DOIs
StatePublished - Apr 1 2009

Keywords

  • 401(k)s
  • Elasticity of intertemporal substitution

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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