The Effects of 401(K) Participation on the Wealth Distribution: An Instrumental Quantile Regression Analysis
The Effects of 401(K) Participation on the Wealth Distribution: An Instrumental Quantile Regression Analysis
We use instrumental quantile regression approach to examine the effects of 401(k) plans on wealth using data from the Survey of Income and Program Participation. Using 401(k) eligibility as an instrument for 401(k) participation, we estimate the quantile treatment effects of participation in a 401(k) plan on several measures of …