| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18488 |
| 来源ID | Working Paper 18488 |
| Defined Benefit Pension Plan Distribution Decisions by Public Sector Employees | |
| Robert L. Clark; Melinda S. Morrill; David Vanderweide | |
| 发表日期 | 2012-10-25 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Studies examining pension distribution choices have found that the tendency of private-sector workers is to select lump sum distributions instead of life annuities. In the public sector, defined benefit pensions usually offer lump sum distributions equal to employee contributions, not the present value of the annuity. Using administrative data from the North Carolina state and local government retirement systems, we find that over two-thirds of public sector workers under age 50 separating prior to retirement from public plans in North Carolina left their accounts open and did not request a cash distribution from the pension system within one year of separation. Furthermore, the evidence suggests many separating workers, particularly those with short tenure, may be forgoing important benefits due to lack of knowledge, understanding, or accessibility of benefits. In contrast to prior research in the private sector, we find no evidence of a bias toward cash distributions for public employees in North Carolina. |
| 主题 | Subnational Fiscal Issues ; Labor Economics ; Labor Market Structures |
| URL | https://www.nber.org/papers/w18488 |
| 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/576163 |
| 推荐引用方式 GB/T 7714 | Robert L. Clark,Melinda S. Morrill,David Vanderweide. Defined Benefit Pension Plan Distribution Decisions by Public Sector Employees. 2012. |
| 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 | ||
| w18488.pdf（844KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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