Wooldridge Source: L.E. Papke (1995), “Participation in and Contributions to 401(k) Pension Plans:Evidence from Plan Data,” Journal of Human Resources 30, 311-325. Professor Papke kindly provided these data. She gathered them from the Internal Revenue Service’s Form 5500 tapes. Data loads lazily.

data('k401k')

Format

A data.frame with 1534 observations on 8 variables:

  • prate: participation rate, percent

  • mrate: 401k plan match rate

  • totpart: total 401k participants

  • totelg: total eligible for 401k plan

  • age: age of 401k plan

  • totemp: total number of firm employees

  • sole: = 1 if 401k is firm's sole plan

  • ltotemp: log of totemp

Notes

This data set is used in a variety of ways in the text. One additional possibility is to investigate whether the coefficients from the regression of prate on mrate, log(totemp) differ by whether the plan is a sole plan. The Chow test (see Section 7.4), and the less restrictive version that allows different intercepts, can be used.

Used in Text: pages 63, 79, 136, 174, 219, 692

Examples

 str(k401k)
#> 'data.frame':	1534 obs. of  8 variables:
#>  $ prate  : num  26.1 100 97.6 100 82.5 ...
#>  $ mrate  : num  0.21 1.42 0.91 0.42 0.53 ...
#>  $ totpart: num  1653 262 166 257 591 ...
#>  $ totelg : num  6322 262 170 257 716 ...
#>  $ age    : int  8 6 10 7 28 7 31 13 21 10 ...
#>  $ totemp : num  8709 315 275 500 933 ...
#>  $ sole   : int  0 1 1 0 1 1 1 0 1 1 ...
#>  $ ltotemp: num  9.07 5.75 5.62 6.21 6.84 ...
#>  - attr(*, "time.stamp")= chr "25 Jun 2011 23:03"