Borrowing from Yourself: 401(K) Loans and Household Balance Sheets
نویسندگان
چکیده
منابع مشابه
Costs of financial instability, household-sector balance sheets and consumption
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This paper explores the determinants of people’s decisions to take 401(k) loans. We argue that 401(k) plans do not simply represent retirement saving, but they also provide a means of saving for precautionary purposes. We model factors that rationally would induce people to borrow from their pension plans, and we explain why people do not often use 401(k) loans to replace their more expensive c...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1222734