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Key Findings Details

The Inattentive Participant: Portfolio Trading Behavior in 401(k) Plans
Olivia S. Mitchell, Gary R. Mottola, Stephen P. Utkus and Takeshi Yamaguchi
WP 2006-115

  • 80% of participants do not trade at all.
  • 11% make a single trade over two years.
  • Very few participants trade actively and tend to be affluent older men with higher incomes and longer job tenure.