What Can We Learn About Automatic Enrollment Into Pensions From Small Employers?

IF 1.8 3区经济学 Q2 BUSINESS, FINANCE

National Tax Journal Pub Date : 2021-06-01 DOI:10.1086/714113

Jonathan Cribb, C. Emmerson

引用次数: 3

Abstract

Small employers employ significant fractions of the workforce, but their employees typically have very low pension plan participation rates and so are much more likely to be affected by government polices requiring automatic enrollment. We examine the first nationwide policy in the United Kingdom obliging small employers to enroll employees automatically into a pension. Exploiting pseudorandom variation in its introduction, we find automatic enrollment increased pension participation by 44 percentage points, reaching 70 percent — still substantially lower than the 90 percent rate among those working for the largest employers. We discuss evidence for the potential mechanisms that drive this lower participation rate.

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关于小型雇主自动注册养老金，我们能了解到什么？

小型雇主雇佣了相当一部分劳动力，但其员工的养老金计划参与率通常很低，因此更有可能受到要求自动登记的政府政策的影响。我们研究了英国第一项全国性政策，要求小雇主自动为员工登记养老金。利用其引入中的伪随机变化，我们发现自动注册将养老金参与率提高了44个百分点，达到70%，仍远低于为最大雇主工作的人90%的参与率。我们讨论了推动参与率下降的潜在机制的证据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

National Tax Journal Multiple-

CiteScore

3.40

自引率

11.80%

发文量

期刊介绍： The goal of the National Tax Journal (NTJ) is to encourage and disseminate high quality original research on governmental tax and expenditure policies. Articles published in the regular March, June and September issues of the journal, as well as articles accepted for publication in special issues of the journal, are subject to professional peer review and include economic, theoretical, and empirical analyses of tax and expenditure issues with an emphasis on policy implications. The NTJ has been published quarterly since 1948 under the auspices of the National Tax Association (NTA). Most issues include an NTJ Forum, which consists of invited papers by leading scholars that examine in depth a single current tax or expenditure policy issue. The December issue is devoted to publishing papers presented at the NTA’s annual Spring Symposium; the articles in the December issue generally are not subject to peer review.