IX. Results
S. laid out share preparations. DC old-age membership representing an ever growing tiny fraction folks household riches are being employed by employees so you can both fund old-years later years safety, and to help protection most recent practices need. The plan financing feature is among the preferred yet understudied pre-later years liquidity top features of 401(k) preparations.
This papers possess explored the effects out-of boss plan loan plan, and in addition we conclude that loan design can also be and you will comes with an economically important influence on participant borrowing from the bank. Within our dataset, one-fifth from plan participants got financing at one time, if you find yourself nearly 40 % did therefore more a five-year months. People just who borrowed far more was indeed together with more likely younger and liquidity-limited, in line with a great lifecycle brand of preserving and borrowing.