TY  - JOUR
AU  - Poterba,James
AU  - Venti,Steven
AU  - Wise,David A.
TI  - The Decline of Defined Benefit Retirement Plans and Asset Flows
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12834
PY  - 2007
Y2  - January 2007
UR  - http://www.nber.org/papers/w12834
L1  - http://www.nber.org/papers/w12834.pdf
N1  - Author contact info:
James M. Poterba
Department of Economics
MIT, E52-350
50 Memorial Drive
Cambridge, MA  02142-1347
Tel: 617/253-6673
Fax: 617/258-7804
E-Mail: poterba@nber.org

Steven F. Venti
Department of Economics
6106 Rockefeller Center
Dartmouth College
Hanover, NH  03755
Tel: 603/646-2526
Fax: 603/646-2122
E-Mail: steven.f.venti@dartmouth.edu

David A. Wise
NBER
1050 Massachusetts Avenue
Cambridge, MA   02138
E-Mail: dwise@nber.org
M1  - published as James M. Poterba, Steven F. Venti, David A. Wise. "The Decline of Defined Benefit Retirement Plans and Asset Flows," in Jeffrey Brown, Jeffrey Liebman and David A. Wise, editors, "Social Security Policy in a Changing Environment" University of Chicago Press (2009)

M3  - presented at "Retirement Research", October 19-22, 2006
AB  - Demographic change can have an important effect on the stock of assets held in defined benefit pension plans.  This paper projects the impact of changes in the age structure of the U.S. population between 2005 and 2040 on the stock of assets held by these plans.  It projects the contributions to and withdrawals from these plans.  These projections are combined with estimates of the future evolution of assets in 401(k)-like plans to describe the prospective impact of demographic change on the stock of assets in retirement plans.  Information on demography-linked changes in asset demand is a critical input to evaluating the potential impact of population aging on asset returns.
ER  -