publication . Preprint . Article . 2009

Fund Assortments and 401(k) Plan Participation: The Moderating Effect of Gender

Maureen Morrin; Susan M. Broniarczyk; J. Jeffrey Inman;
Open Access
  • Published: 01 Jun 2009
Abstract
We report the results of a decision simulation conducted among 349 adults whose task was to invest in a hypothetical 401(k) retirement plan. We varied the number of mutual funds offered for investment and observed the effects on the incidence and extent of participation. The results indicate that larger fund assortments tend to reduce participation among women, but increase it among men. Implications and suggestions for future research are discussed.
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Subjects
Medical Subject Headings: health care economics and organizations
free text keywords: Retirement investing, gender, fund assortments, Actuarial science, Business
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