Choi, James J.; Laibson, David; Madrian, Brigitte C. - In: Brookings Papers on Economic Activity 36 (2005) 2, pp. 151-214
The collapse of Enron, WorldCom, and Global Crossing wiped out much of their employees’ 401(k) savings, which had been heavily invested in employer stock. In response, bills have been proposed in Congress that would give employees the right to sell the employer stock in their 401(k), or that...
