Date of Award
Spring 5-3-2024
Document Type
Thesis
Degree Name
Master of Arts (MA)
Department
Economics
First Advisor
PARTHA DEB
Second Advisor
KENNETH MCLAUGHLIN
Academic Program Adviser
KARNA BASU
Abstract
The objective of the Pension Protection Act of 2006 is to protect pension plans, reinforce individual savings and prepare Americans for retirement. A provision of the act strengthens the 1998-2000 IRS ruling that allows firms to automatically enroll their employees in 401(k) plans by superseding state written permission requirements. Prior to the Pension Protection Act of 2006, several states required written permission from employees to authorize wage deductions and 401(k) enrollments. Single-event difference-in-difference regressions estimate the effects of the Pension Protection Act of 2006’s auto-enrollment provision on labor market outcomes in states that had written permission requirements in the years preceding 2008. The analysis shows that older Americans living in states that previously required written permission work more, retire less, and earn more.
Recommended Citation
Giannoulakis, Yannis, "Effects of the Automatic Enrollment Provision of the Pension Protection Act of 2006 on Labor Market Outcomes of Older Americans" (2024). CUNY Academic Works.
https://academicworks.cuny.edu/hc_sas_etds/1199