Choi, James J; Beshears, John; Laibson, David I.; … - Kennedy School of Government, Harvard University - 2011
We document the loan provisions in 401(k) savings plans and how participants use 401(k) loans. Although only about 22% of savings plan participants who are allowed to borrow from their 401(k) have such a loan at any given point in time, almost half had used a 401(k) loan over a longer,...