Evidence from Studies of Workers' Choices on Whether to Participate

question 121

Multiple Choice

Evidence from studies of workers' choices on whether to participate in 401(k) plans suggests that the workers' behavior appears to exhibit

• A)indifference.
• B)ignorance.
• C)inertia.
• D)indecision.

---

Definitions:

Spells of Unemployment

Periods during which an individual is out of work and actively seeking employment.

Non-institutionalized Population

Individuals residing within a community rather than in institutions such as prisons, nursing homes, or psychiatric hospitals.

Labor Force

The total number of people who are eligible and available to work, including both the employed and the unemployed seeking employment.

Frictional Unemployment

A form of unemployment that occurs when people are between jobs or are entering the workforce for the first time.