A Harvard-UPenn economists' study finds that automatic enrollment in 401(k) programs increases participation to 96% when the normal option to sign up yields only about a third of eligible enrollees.
Study co-author, professor David Laibson of Harvard, says that "since people aren't inclined to take action, very few of those who are signed up automatically will choose to drop out."
Read the article on CNNMoney.com.
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