NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Andrew Davenport

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January 1998Pensions and the Distribution of Wealth
with Kathleen M. McGarry
in Frontiers in the Economics of Aging, David A. Wise, editor
September 1997Pensions and the Distribution of Wealth
with Kathleen McGarry: w6171
Despite the enormous gains in the economic well-being of the elderly, and the progressivity of the Social Security benefit schedule, there remains substantial inequality in financial resources. In this paper we use data from the Health and Retirement Survey to examine the distribution of pension wealth in relation to other private wealth. We pay particular attention to differences by sex and race. We find that men are approximately 50 percent more likely to have pensions than are women, and conditional on having a pension, the mean value for men is twice as great as that for women. These differences remain significant even when factors such as industry, occupation, and tenure are controlled for. Differences by race are smaller than differences by sex but are still significant. We find...

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

 
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