Even, William E.; Macpherson, David A. - Department of Economics, McMaster University - 1999
Using data from the 1992 Health and Retirement Survey and the 1992 Survey of Consumer Finances, this study compares the … level of benefits in 401(k), non-401(k) defined contribution (DC), and defined benefit (DB) plans. Based on current pension … information regarding pension contribution rates or benefit formulas, it is shown that a shift to 401(k) plans will reduce the …