Related to the Economics in Practice on p. 466: A recent study by economists at Yale University and the University of Chicago suggests that changing retirement plan enrollment options from a(n) ________ system to a(n) ________ system increased pension plan enrollment after three months of work from 65 percent of workers to 98 percent of workers.
A) "opt-in"; "opt-out"
B) "opt-out"; "opt-in"
C) voluntary; mandatory
D) mandatory; voluntary

Question

Quizplus · Accepted Answer

Changing from an "opt-in" system, where employees must actively choose to enroll, to an "opt-out" system, where employees are automatically enrolled unless they choose not to be, significantly increased enrollment rates.

Related to the Economics in Practice on P