Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U ….S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of … Consumer Finances for 1989 through 2013, cohort-based analysis of life-cycle trajectories shows that (1) overall retirement …

Dramatic structural changes in the U.S. pension system, along with the impending wave of retiring baby boomers, have … given rise to a broad policy discussion of the adequacy of household retirement wealth. We construct a uniquely … benefit pensions, life insurance, annuities, welfare payments, and future labor earnings. Abstracting from the uncertainty …

During the 1990s, the asset portfolios of defined-benefit (DB) pension plans ballooned with the booming stock market …. Due to current accounting guidelines, the robust growth in pension assets resulted in a stealthy but substantial boost to … the profits of sponsoring corporations. This study assesses the extent to which equity investors were fooled by pension …

Many firms that sponsor traditional defined benefit pensions have converted their plans to cash balance plans in the … benefit pension plan to a cash balance plan. Our results indicate that cash balance conversions have been undertaken in … force. Indeed, many firms appear to increase their pension liabilities through such conversions. The results also shed light …

This paper uses the Survey of Consumer Finances (SCF) to examine pension coverage, estimate Social Security and pension … wealth for U.S. households in 1989 and 1992, and estimate the effects of pension wealth on non-pension net worth. As expected …, the SCF data show that including pensions and Social Security in net worth makes the distribution more even. The analysis …

chooses investments are significantly more apt to hold stock outside of their retirement plan than are households with pension …Some retirement plans allow the participant to choose how funds are invested. Having to direct investments may provide … the participant with financial education. This paper finds that households covered by pension plans in which the employee …