Defined Contribution Pensions: Plan Rules, Participant Choices, and the Path of Least Resistance

By James J. Choi, David Laibson, B. Madrian, Andrew Metrick. Tax Policy and the Economy, 2002

371 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5a46720c11fff198eba75f8b6ccd41a4b20195ae

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Citations in the corpus

Heterogeneity and Portfolio Choice: Theory and Evidence (2004, background): “Choi et al. (2004b) support this evidence and also report that employer securities are voluntarily held by participants for a significant amount of time (usually a large number of years) due to the overall passivity in trading their accounts, as discussed further under Pension Investments.”
American attitudes toward nudges (2016, methodology): “” In recent years, nudges have been used to solve a wide range of problems, such as increasing retirement savings (Bernatzi & Thaler 1999; Madrian & Shea 2001; Choi et al. 2002; Choi et al. 2004), organ donations (Johnson &Goldstein 2003), charitable giving (Abadie & Gay 2006; McKenzie et al.”
Non-commercial Research and Educational Use including without Limitation Use in Instruction at Your Institution, Sending It to Specific Colleagues That You Know, and Providing a Copy to Your Institution's Administrator. All Other Uses, Reproduction and Distribution, including without Limitation Comm (2005, neutral): “In a similar spirit Stephenson and Binsch developed a basic algorithm which relies on a matrix method derived from a general formulation of the least-squares problem [6].”
Maps of Bounded Rationality: Psychology for Behavioral Economics (2003, background): “As in the Tom W. problem, some respondents ranked the eight outcomes by the similarity of Linda to the category prototypes; others ranked the same outcomes by probability.”
Mutual Fund Risk and Market Share Adjusted Fund Flows (2013, neutral): “and Metrick (2002, 2004a, 2004b), Duflo and Saez (2002) and Choi, Laibson and Madrian (2009)) or if the fund’s assets derive largely from essentially automated 401(k) retirement flows (Choi et al. (2002, 2004a) and Mitchell, Mottola, Utkus and Yamaguchi (2009)).”
Subjective Knowledge in Consumer Financial Decisions (2013, neutral): “———, ———, ———, and A. Metrick (2002), “Defined Contribution Pensions: Plan Rules, Participant Choices, and the Path of Least Resistance,” in Tax Policy and the Economy, Vol. 16.”
Asset Allocation and Information Overload: The Influence of Information Display, Asset Choice, and Investor Experience (2004, background): “This paper examines whether information overload might partially explain why defined contribution plan participants tend to follow the “path of least resistance” (Choi et al. [2002]) In two experiments, we test how three common differences among defined contribution plans (the number of investment c”