Document Type
Article
Publication Date
12-1-2008
Abstract
In a nation with the lowest savings rate in the industrialized world, nearly 60% of U.S. small business owners do not provide retirement plans for their more than 40 million workers. There is a dearth of formal inquiry about small business owners' perspectives of and attitudes toward retirement and the factors that motivate behavior related to it. Interviews with small business owners revealed that most are not concerned about their own retirements and are ambivalent about the retirement security of their employees. Those who have attempted to implement a plan find the process complex, intimidating and require the assistance of an outside expert. This research contributes to the literature on behavioral finance, entrepreneurial behavior and small business management.
Keywords
retirement, retirement plans, small business, entrepreneur
Rights
© The Author(s). Kelvin Smith Library provides access for non-commercial, personal, or research use only. All other use, including but not limited to commercial or scholarly reproductions, redistribution, publication or transmission, whether by electronic means or otherwise, without prior written permission is strictly prohibited.
Department/Center
Design & Innovation
Recommended Citation
McCullough, Jill, "Reluctant Gatekeepers: Influencing Factors In A Small Business Owner's Decision To Not Sponsor A Retirement Plan For Employees" (2008). Student Scholarship. 354.
https://commons.case.edu/studentworks/354