Saving motives and 401(k) contributions

Document Type

Article

Date of Original Version

1-1-1997

Abstract

This paper investigated worker motives for 401(k) contributions with data from the 1995 Survey of Consumer Finances. Employer matching and the ability to withdraw or borrow from the plan were related to greater contributions. In addition, risk tolerance, labor income, and years of working for the current employer were positively related to contributions. © 1997, Association for Financial Counseling and Planning Education.

Publication Title, e.g., Journal

Journal of Financial Counseling and Planning

Volume

8

Issue

2

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