The elasticity of intertemporal substitution: New evidence from 401(k) participation
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.
Year of publication: |
2009
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Authors: | Engelhardt, Gary V. ; Kumar, Anil |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 103.2009, 1, p. 15-17
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Publisher: |
Elsevier |
Subject: | Elasticity of intertemporal substitution 401(k)s |
Saved in:
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