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

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.

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Year of publication:	2009
Authors:	Engelhardt, Gary V. ; Kumar, Anil
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 103.2009, 1, p. 15-17
Publisher:	Elsevier
Subject:	Elasticity of intertemporal substitution 401(k)s

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005275458