Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80558
Authors: 
Karamcheva, Nadia
Sanzenbacher, Geoffrey
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7518
Abstract: 
In light of the declining pension coverage of low-income workers, policy makers have discussed requiring all employers to offer individual retirement accounts, similar to defined contribution plans. How likely to participate are workers who currently do not have access to a pension plan? We address this question by using plausibly exogenous variation in pension-plan availability to estimate the determinants of participation in a standard selection on unobservables model. We find that currently uncovered low-income workers are fairly likely to participate in a newly offered plan, yet they are much less likely to do so than currently covered workers.
Subjects: 
private pensions
participation
self-selection
policy effects
JEL: 
J08
J26
J32
Document Type: 
Working Paper

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