Research ArticleArticles
Incorporating Employee Heterogeneity into Default Rules for Retirement Plan Selection
Gopi Shah Goda and Colleen Flaherty Manchester
Journal of Human Resources, January 2013, 48 (1) 198-235; DOI: https://doi.org/10.3368/jhr.48.1.198
Gopi Shah Goda
Gopi Shah Goda is a senior research scholar and coordinator of the Postdoctoral Fellow Program at the Stanford Institute for Economic Policy Research (SIEPR), and a faculty research fellow at the National Bureau of Economic Research (NBER). Colleen Flaherty Manchester is an assistant professor at the Carlson School of Management at the University of Minnesota
Colleen Flaherty Manchester
Gopi Shah Goda is a senior research scholar and coordinator of the Postdoctoral Fellow Program at the Stanford Institute for Economic Policy Research (SIEPR), and a faculty research fellow at the National Bureau of Economic Research (NBER). Colleen Flaherty Manchester is an assistant professor at the Carlson School of Management at the University of Minnesota

References
- ↵
- ↵
- Barsky Robert B.,
- Juster F. Thomas,
- Kimball Miles S.,
- Shapiro Matthew D.
- ↵
- Bernheim B. Douglas,
- Fradkin Andrey,
- Popov Igor
- ↵
- Beshears John,
- Choi James J.,
- Laibson David,
- Madrian Brigitte C.
- Bodie Zvi,
- Marcus Alan J.,
- Merton Robert C.
- ↵
- Brown Jeffrey R.,
- Weisbenner Scott J.
- ↵
- Carroll Gabriel D.,
- Choi James J.,
- Laibson David,
- Madrian Brigitte C.,
- Mertrick Andrew
- ↵
- Chetty Raj
- ↵
- Choi James J.,
- Laibson David,
- Madrian Brigitte C.
- ↵
- Choi James J.,
- Laibson David,
- Madrian Brigitte C.,
- Metrick Andrew
- ↵
- ↵
- ↵
- DellaVigna Stefano
- ↵GAO. 2008. “Defined Benefit Pensions: Plan Freeze Affect Millions of Participants and May Post Retirement Income Challenges.” Report Number: GAO–08–817, General Accounting Office. Washington D.C.: GPO.
- ↵
- ↵
- Handel Benjamin
- ↵Ibbotson. 2008. Stocks, Bonds, Bills, and Inflation 2008 Yearbook. Chicago, Ill: Ibbotson Associates.
- ↵
- Imbens Guido,
- Lemieux Thomas
- ↵
- Johnson Eric J.,
- Goldstein Daniel
- ↵
- ↵
- Kocherlakota Narayana R.
- ↵
- ↵
- ↵
- Lee David S.,
- Lemieux Thomas
- ↵
- Madrian Brigitte C.,
- Shea Dennis F.
- Manchester Colleen F.
- ↵
- Mehra Rajnish,
- Prescott Edward C.
- ↵
- ↵
- Mitchell Olivia S.,
- Mottola Gary R.,
- Utkus Stephen P.,
- Yamaguchi Takeshi
- ↵
- ↵
- ↵
- Shoven John B.,
- Sialm Clemens
- ↵
- Shoven John B.,
- Sialm Clemens
- ↵
- Thaler Richard H.,
- Sunstein Cass R.
- ↵Towers-Perrin. 2003. “Back to the Future: Redefining Retirement in the 21st Century.” http://www.towersperrin.com/tp/getwebcachedoc?country=global&webc=HRS/USA/2004/200401/2003_redefining_ret.pdf
- ↵Vanguard. 2009. “How Americans Save 2009.” Available at: https://institutional.vanguard.com/iam/pdf/HAS09.pdf
- ↵
- Yang Tongxuan
In this issue
Journal of Human Resources
Vol. 48, Issue 1
1 Jan 2013
Incorporating Employee Heterogeneity into Default Rules for Retirement Plan Selection
Gopi Shah Goda, Colleen Flaherty Manchester
Journal of Human Resources Jan 2013, 48 (1) 198-235; DOI: 10.3368/jhr.48.1.198
Jump to section
- Article
- Abstract
- I. Introduction
- II. Background and Related Literature
- III. Causal Effect of Default on Plan Enrollment
- IV. Solving for the Optimal Age-Based Default Rule
- V. Numerical Simulations of the Optimal Age-Based Default Rule
- VI. Conclusion
- Appendix 1 Robustness to Choice of Bandwidth
- Appendix 2 Monte Carlo Simulations
- Footnotes
- References
- Figures & Data
- Info & Metrics
- References
Related Articles
- No related articles found.