000			01035nam a22001457a 4500
999			_c514645 _d514645
008			201125b ||||| |||| 00| 0 eng d
100			_aBubb, Ryan and Warren, Patrick L. _921439
245			_aAn equilibrium theory of retirement plan design
260			_aAmerican Economic Journal Economic Policy
300			_a12(2), May, 2020: p.22-45
520			_aWe develop an equilibrium theory of employer-sponsored retirement plan design using a behavioral contract theory approach. The operation of the labor market results in retirement plans that generally cater to, rather than correct, workers' mistakes. Our theory provides new explanations for a range of facts about retirement plan design, including the use of employer matching contributions and the use of default contribution rates in automatic enrollment plans that lower many workers' savings. We provide novel evidence for our theory from a sample of plans. – Reproduced
773			_aAmerican Economic Journal Economic Policy
906			_aRETIREMENT
942			_cAR