Preparations with numerous money do have more low income gurus, however, fewer reduced money experts
18 Based on new member zipcodes, data from IXI Agency are widely used to impute non-senior years household monetary riches and you will household earnings (find to own information on home earnings and you may investable possessions studies). Lower riches homes was indeed classified given that which have holdings below $25,000; high-riches home, a lot more than $a hundred,100000. Low-earnings property got earnings lower than $thirty-five,000; high-earnings homes, more than $87,500.
19 Due to study limitation, we do not to see participants’ studies account; Utkus and you can Young (2011) and you will Li and Smith (2010) realize that high knowledgeable people are less likely to just take package financing.
Our examine would be the fact none change out of recordkeepers nor profit from a corporate department is comparable to worker demand for bundle money
20 Whenever an associate defaults toward a great loan, this new default is normally recorded at the end of the latest one-fourth after the one-fourth where in fact the job termination happen. Read more
