The decision to defer
factors affecting employee deferral incentives
DOI:
https://doi.org/10.1016/S1057-0810(01)00084-1Keywords:
Tobit, Probit, Survey of Consumer FinancesAbstract
The purpose of this study is to examine employee participation and contribution incentives among defined contribution retirement plans. Using data from the 1995 Survey of Consumer Finances, probit and tobit analysis indicates no signi®cant relationship between employer contributions and an employee's decision to make contributions into his or her retirement plan. However, of those employees who are contributing to their pension plans, the employer contribution percentage has a signi®cant positive effect on employee contribution rates. Therefore, the ®ndings support our hypothesis of a direct relationship between the average employee deferral percentage and the existence of an employer matching contribution. Copyright 2001 Elsevier Science Inc. All rights reserved.
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