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State wage-payment laws, the Pension Protection Act of 2006, and 401(k) saving behavior

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  • Engelhardt, Gary V.

Abstract

I show empirically that state wage-payment laws, which forbid deductions from wages and salaries without the written permission of the employee, constituted a binding constraint on firms’ choices to adopt automatic enrollment in 401(k) plans prior to 2006.

Suggested Citation

  • Engelhardt, Gary V., 2011. "State wage-payment laws, the Pension Protection Act of 2006, and 401(k) saving behavior," Economics Letters, Elsevier, vol. 113(3), pages 237-240.
    • Handle: RePEc:eee:ecolet:v:113:y:2011:i:3:p:237-240
    DOI: 10.1016/j.econlet.2011.07.009
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    References listed on IDEAS

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    1. Brigitte C. Madrian & Dennis F. Shea, 2001. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1149-1187.
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    Cited by:

    1. Jing Huang & Steven R. Matsunaga & Z. Jay Wang, 2020. "The Role of Pension Business Benefits in Institutional Block Ownership and Corporate Governance," Contemporary Accounting Research, John Wiley & Sons, vol. 37(4), pages 1959-1989, December.

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    More about this item

    Keywords

    Automatic enrollment; 401(k)s; Pension choice;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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