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

Gary V. Engelhardt; Anil Kumar

doi:10.1016/j.econlet.2009.01.010

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

Gary V. Engelhardt, Anil Kumar

Research output: Contribution to journal › Article › peer-review

23 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 language	English (US)
Pages (from-to)	15-17
Number of pages	3
Journal	Economics Letters
Volume	103
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2009.01.010
State	Published - Apr 2009

Keywords

401(k)s
Elasticity of intertemporal substitution

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2009.01.010

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title = "The elasticity of intertemporal substitution: New evidence from 401(k) participation",

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.",

keywords = "401(k)s, Elasticity of intertemporal substitution",

author = "Engelhardt, {Gary V.} and Anil Kumar",

year = "2009",

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AB - 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.

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

Abstract

Keywords

ASJC Scopus subject areas

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