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Feldstein, Martin - 1980

Much of the recent discussion about the relation between pensions and inflation has emphasized the adverse impact that … the un-expected rise in inflation has had on pension recipients and on the performance of pension funds. In contrast, the … present paper focuses on the way that pensions are likely to evolve in response to the expectation of continued inflation in …

Persistent link: https://www.econbiz.de/10012478565

New Trends in Pension Benefit and Retirement Provisions

Mitchell, Olivia - 1999

This study illustrates and interprets changes in pension plan retirement formulas and benefit provisions over the last two decades, using extensive information on private sector pension plans gathered by the U.S. Department of Labor since 1980. Data generated from the Employee Benefits Survey...

Persistent link: https://www.econbiz.de/10012471403

Implications of Rising Personal Retirement Saving

Poterba, James M. - 1999

Retirement saving accounts, particularly employer-provided 401(k) plans rapidly in the last decade. More than forty percent of workers are currently eligible for these" plans, and over seventy percent of eligibles participate in these plans. The substantial and" ongoing accumulation of assets in...

Persistent link: https://www.econbiz.de/10012471815

Defined Benefit versus Defined Contribution Pension Plans : What are the Real Tradeoffs?

Bodie, Zvi - 1985

faced by employers and employees, the sensitivity of benefits to inflation, the flexibility of funding, and the importance … plans. The advantages of DC plans are most apparent during periods of inflation uncertainty. These are: the predictability … of the value of pension wealth, the ability to invest in inflation-hedged portfolios rather than nominal DB annuities …

Persistent link: https://www.econbiz.de/10012477360

The Incentive Effects of Private Pension Plans

Kotlikoff, Laurence J. - 1984

The proportion of workers covered by pensions has increased very substantially over the past two or three decades, and in particular the number of older workers with pensions continues to increase. During the same period,and especially in the past decade, the labor force participation of older...

Persistent link: https://www.econbiz.de/10012477576

Pension Plan Integration as Insurance Against Social Security Risk

Merton, Robert C. - 1984

The manifest purposes of integrating an employer-provided pension plan with social security are:(1) to ensure retirement income adequacy for all covered employees; and (2) to ensure retirement income equity, defined as equal total replacement rates for all employees regardless of salary level....

Persistent link: https://www.econbiz.de/10012477720

Post-Retirement Adjustments of Pension Benefits

Allen, Steven G. - 1984

This paper examines why pension plans increased their liabflities by giving benefit increases to persons no longer working even though almost al lof them were not required to do so by any legally enforceable contract. In our model workers and firms have implicit contracts under which...

Persistent link: https://www.econbiz.de/10012477726

Pensions as Severance Pay

Lazear, Edward P. - 1982

Earlier claims that pensions serve as severance pay are corroborated by a new data set drawn from the 1980 Banker's Trust corporate pension plan study. A model is developed that shows how pension values which vary with the age of retirement make both workers and firms better off by moving the...

Persistent link: https://www.econbiz.de/10012478163

Economic Implications of ERISA

Bulow, Jeremy I. - 1982

If the intent of the Employee Retirement Income Security Act, ERISA, was to assure that beneficiaries of insolvent pension plans receive adequate pension benefits, sharp increases in nominal rates of interest have blunted that purpose. Without an increase in these rates, the Pension Benefit...

Persistent link: https://www.econbiz.de/10012478180

Pensions and Mortality

Taubman, Paul J. - 1981

Pensions and age specific death rates are intertwined in several ways. Pensions provide a mechanism to remove the uncertainty about date of death from consumption planning. Age specific death rates determine the cost and value of pensions. In this paper, we use the Retirement History Survey to...

Persistent link: https://www.econbiz.de/10012478300

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