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Improving 401(k) Investment Performance

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Author Info
William G. Gale
J. Mark Iwry
Alicia H. Munnell
Richard H. Thaler

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Abstract

Public policies toward private pensions reflect a fundamental tension between free choice and paternalism. When people act in their own best interest without harming others, government intervention is unwarranted. But a key motivation for public policies to subsidize retirement saving in the first place is the belief that, without such subsidies, people would fail to act in their own best interest in making saving and investment choices...

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File URL: http://crr.bc.edu/images/stories/Briefs/ib_26.pdf
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Publisher Info
Paper provided by Center for Retirement Research in its series Issues in Brief with number ib2004-26.

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Length: 8 pages
Date of creation: Dec 2004
Date of revision: Dec 2004
Handle: RePEc:crr:issbrf:ib2004-26

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This page was last updated on 2009-10-18.

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