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

  • Engelhardt, Gary V.
  • Kumar, Anil

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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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 103 (2009)
Issue (Month): 1 (April)
Pages: 15-17

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Handle: RePEc:eee:ecolet:v:103:y:2009:i:1:p:15-17
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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