The elasticity of intertemporal substitution: New evidence from 401(k) participation

被引：18
|
作者：
Engelhardt, Gary V. [1 ]
Kumar, Anil [2 ]
机构：
[1] Syracuse Univ, Syracuse, NY 13210 USA
[2] Fed Reserve Bank Dallas, Dallas, TX USA
来源：
ECONOMICS LETTERS | 2009年 / 103卷 / 01期
关键词：
Elasticity of intertemporal substitution; 401(k)s;
D O I：
10.1016/j.econlet.2009.01.010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using Health and Retirement Study data and a structural econometric model, we exploit variation in employer matching rates in 401(k) plans to generate new estimates of the EIS: 0.74 in our richest specification, with a 95% confidence interval of 0.37-1.21. (C) 2009 Elsevier B.V. All rights reserved.
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页码：15 / 17
页数：3
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