When Congress passed the Pension Protection Act of 2006, pavingthe way for greater use of auto-enrollment in 401(k) plans, lawmakers rationalized thelandmark policy largely on the work of a few economists.
One was Richard Thaler, the recent recipient for theNobel Prize in Economics based on his research on behavioraleconomics, who first began writing about automatic enrollment andescalation in 401(k)s in 1994.
On Twitter this week, the Nobel laureate staked out an unpopularposition on the question of whether Congress should limit pre-taxcontributions to 401(k)s as a part of tax reform.
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