The Changing Landscape of Pensions in the United States
NBER Working Paper No. 13381
Issued in September 2007
NBER Program(s): AG
The pension landscape in the U.S. has changed dramatically over the past 25 years. Saving through personal retirement accounts has become the principal form of retirement saving. We document the transition from a defined benefit system to a personal account system and show the effect it has had on wealth at retirement. We summarize results from other research we have done to project the growth of retirement assets over the next three decades. Our projections suggest that the advent of personal account saving will increase wealth at retirement for future retirees across the lifetime earnings spectrum.
The NBER Bulletin on Aging and Health provides summaries of publications like this.
You can sign up to receive the NBER Bulletin on Aging and Health by email.
This paper is available as PDF (124 K) or via email.
Machine-readable bibliographic record -
Users who downloaded this paper also downloaded these:
|Brown, Clark, and Rauh
||w16792 The Economics of State and Local Public Pensions
|Poterba, Rauh, Venti, and Wise
||w12597 Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth
|Munnell, Aubry, and Quinby
||w16442 Public Pension Funding in Practice
|Poterba, Venti, and Wise
||w12834 The Decline of Defined Benefit Retirement Plans and Asset Flows
|Beshears, Choi, Laibson, and Madrian
||The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States