Examining Participation Behavior in Defined Contribution Plans Using the Transtheoretical Model of Behavior Change

• Published in: Financial counseling and planning Vol. 18; no. 1; p. 46
• Main Authors: Gutter, Michael, Hayhoe, Celia Ray, Wang, Lingling
• Format: Journal Article
• Language: English
• Published: New York Springer Nature B.V 01.01.2007
• Subjects: Behavior; Behavior Change; Behavior Modification; Behavioral Science Research; Behavioral Sciences; Cognitive Ability; Contributions; Correlation; Cost control; Deferred compensation; Defined contribution plans; Educational Attainment; Employers; Ethnicity; Goal Orientation; Habit Formation; Households; Information Seeking; Marital Status; Participation; Pension plans; Preferences; Profit sharing plans; Psychology; Resistance (Psychology); Retirement Benefits; Social Influences; Studies; Tenure; United States > US

Using the transtheoretical model of behavior change (TTM), employee contributions to defined contribution (DC) plans were examined in a study. The data came from the 2001 Survey of Consumer Finances (SCF). Households were categorized into one of four TTM stages: precontemplation, contemplation, prep...