Bernheim, B. Douglas; Shoven, John B. - 2021
This paper suggests that the nature of the funding of defined benefit pension plans may be an important reason why … investment of the last few years. From a firm's standpoint, funding the promised pension is a target, and higher rates of return … between 1982 and 1984, net pension contributions declined from 6.02 percent of disposable personal income to 4.02 percent …