Pensions in the U.S. Economy is the fourth in a series on pensions
from the National Bureau of Economic Research. For both economists and
policymakers, this volume makes a valuable contribution to current
research on pensions and the economics of the elderly. The
contributors report on retirement saving of individuals and the saving
that results from corporate funding of pension plans, and they examine
particular aspects of the plans themselves from the employee's point
of view. Steven F. Venti and David A. Wise offer a careful analysis of
who contributes to IRAs and why. Benjamin M. Friedman and Mark
Warshawsky look at the reasons more retirement saving is not used to
purchase annuities. Personal saving through pension contribution is
discussed by B. Douglas Bernheim and John B. Shoven in the context of
recent government and corporate pension funding changes. Michael J.
Boskin and John B. Shoven analyze indicators of the economic
well-being of the elderly, addressing the problem of why a large
fraction of the elderly remain poor despite a general improvement in
the economic status of the group as a whole. The relative merits of
defined contribution versus defined benefit plans, with emphasis on
the risk aspects of the two types of plans for the individual, are
examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the
final paper, pension plans and worker turnover are the focus of the
discussion by Edward P. Lazear and Robert L. Moore, who propose
pension option value rather than the commonly used accrued pension
wealth as a measure of pension value.
Les mer
Produktdetaljer
ISBN
9780226062914
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter