TY  - JOUR
AU  - Poterba,James
AU  - Venti,Steven
AU  - Wise,David A.
TI  - The Changing Landscape of Pensions in the United States
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13381
PY  - 2007
Y2  - September 2007
UR  - http://www.nber.org/papers/w13381
L1  - http://www.nber.org/papers/w13381.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
Harvard Kennedy School
79 John F. Kennedy
Cambridge, MA   02138
E-Mail: dwise@nber.org
AB  - 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.
ER  -