Tag: contribution decisions
![Mature man is hired to handle outreach to senior adults](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_7-1536x1024.jpg)
Abstract This paper uses the 1998 Survey of Consumer Finances to identify the factors that determine whether an eligible employee elects to participate in a 401(k) plan and the magnitude of the employee’s contribution. The conclusion is that the most important factor affecting employees’ participation and contribution decisions is their planning horizon. Those with planning…