| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6645 |
| 来源ID | Working Paper 6645 |
| How Will Defined Contribution Pension Plans Affect Retirement Income? | |
| Andrew A. Samwick; Jonathan Skinner | |
| 发表日期 | 1998-07-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | How has the emergence of defined contribution pension plans, such as 401(k)s, affected the financial security of future retirees? We consider this question using a detailed survey of pension formulas in the Survey of Consumer Finances. Our simulations show that average and median pension benefits are higher under defined contribution plans that for defined benefit plans. Defined benefit plans are slightly better at providing minimum benefits, but for plausible values of risk aversion, a defined contribution plan drawn randomly from those available in 1995 is still preferred to a defined benefit plan drawn randomly from those available in 1983. This result is robust to different assumptions regarding the spending of defined contribution balances between jobs, equity rates of return, and the date of retirement. In short, we suggest that defined contribution plans can strengthen the financial security of retirees. |
| 主题 | Labor Economics ; Labor Compensation ; Demography and Aging |
| URL | https://www.nber.org/papers/w6645 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564157 |
| 推荐引用方式 GB/T 7714 | Andrew A. Samwick,Jonathan Skinner. How Will Defined Contribution Pension Plans Affect Retirement Income?. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6645.pdf（179KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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