The Effect of the Employer Match and Defaults on Federal Workersâ€™ Savings Behavior in the Thrift Savings Plan: Working Paper 2019-06
Justin Falk and
No 55447, Working Papers from Congressional Budget Office
Policymakers are weighing options that would change the retirement system for federal workers by shifting more of their deferred compensation from the defined benefit plan toward the defined contribution plan, called the Thrift Savings Plan (TSP). We use administrative longitudinal data on federal workersâ€™ demographics, compensation, and TSP behavior to estimate the effects of an employer match and plan default options on workersâ€™ TSP savings behavior and the cost of employer contributions. We rely primarily on two sources of exogenous variation stemming from policy changes
JEL-codes: E21 E27 G41 J26 J32 (search for similar items in EconPapers)
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