Keyword: participation

Life by default (1/16/2006)

Present bias and inertia lead to low enrollment in 401(k) retirement plans even though employer matching of employee contribution is quite generous.

Keywords: 401(k) retirement plan, default position, enrollment, opt in, opt out, participation, present bias, rationality

The Logic of Collective Action (12/21/2001)

Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.

Keywords: collective action, consumer lobbies, free rider, free-ridership, group membership, import quotas, organization costs, participation, pluralism, producer lobby, special interests, tariffs, trade protection