Tang, Ning; Mitchell, Olivia S.; Mottola, Gary R.; … - In: Journal of Public Economics 94 (2010) 11-12, pp. 1073-1085
To evaluate the extent of inefficient behavior in 401(k) pensions, now the dominant form of retirement saving in America, we attribute inefficiencies separately to the employer's menu design versus participant portfolio elections. Results from our analysis of over 1000 plans and a million...