| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30115 |
| 来源ID | Working Paper 30115 |
| Factors Influencing the Choice of Pension Distribution at Retirement | |
| Robert L. Clark; Olivia S. Mitchell | |
| 发表日期 | 2022-06-06 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | One of the most important financial decisions that pension participants make concerns how they access their pension assets when they terminate employment with their plan sponsor. Their choices depend both on own preferences and the options offered by their retirement plan. This paper examines both past and future pension withdrawal choices for those with defined benefit and defined contribution pensions, separately. Our data are drawn from a set of pension distribution questions we fielded in the Understanding American Study. Results show significant differences in distribution choices based on the type of retirement plan, with individuals covered by defined benefit plans significantly more likely to select annuities compared to similar employees covered by defined contribution plans. We also find differences in how higher annual income affects annuity choices based on coverage by DB plans. Individuals with lower levels of financial literacy and lower annual income have less knowledge of basic pension characteristics. |
| 主题 | Microeconomics ; Households and Firms ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w30115 |
| 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/587787 |
| 推荐引用方式 GB/T 7714 | Robert L. Clark,Olivia S. Mitchell. Factors Influencing the Choice of Pension Distribution at Retirement. 2022. |
| 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 | ||
| w30115.pdf（878KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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