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Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits
Abashidze, Nino; Clark, Robert L.; Craig, Lee A. - National Bureau of Economic Research - 2022
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the...
Persistent link: https://www.econbiz.de/10013388828
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Navigating complex financial decisions at retirement : evidence from annuity choices in public sector pensions
Clark, Robert L.; Hammond, Robert G.; Vanderweide, David - In: Journal of pension economics and finance 18 (2019) 4, pp. 594-611
Persistent link: https://www.econbiz.de/10012116180
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State and local pensions in the United States
Clark, Robert L. - 2011
Persistent link: https://www.econbiz.de/10008906615
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Immigration trends, changes in retirement ages and the future of social security
Clark, Robert L. - In: Ageing and the labour market : issues and solutions, or …, (pp. 139-150). 2006
Persistent link: https://www.econbiz.de/10003432271
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The Pension Cost of Changing Jobs
Allen, Steven G. - 1989
Workers covered by defined benefit pension plans receive lower benefits at retirement if they leave their current job before reaching retirement age. This study estimates the magnitude of this pension loss for workers in the May 1983 supplement of the Current Population Survey, using pension...
Persistent link: https://www.econbiz.de/10012476118
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Lessons for Public Pensions from Utah's Move to Pension Choice
Clark, Robert L. - 2015
We explore what happened when the state of Utah moved away from its traditional defined benefit pension. In its place, it offered new hires a choice between a conventional defined contribution plan and a hybrid plan option, where the latter has both a guaranteed benefit component and a defined...
Persistent link: https://www.econbiz.de/10013019112
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Lessons for Public Pensions from Utah’s Move to Pension Choice
Clark, Robert L. - 2015
We explore what happened when the state of Utah moved away from its traditional defined benefit pension. In its place, it offered new hires a choice between a conventional defined contribution plan and a hybrid plan option, where the latter has both a guaranteed benefit component and a defined...
Persistent link: https://www.econbiz.de/10012457283
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The Pension Cost of Changing Jobs
Allen, Steven G. - 2010
Workers covered by defined benefit pension plans receive lower benefits at retirement if they leave their current job before reaching retirement age. This study estimates the magnitude of this pension loss for workers in the May 1983 supplement of the Current Population Survey, using pension...
Persistent link: https://www.econbiz.de/10013141150
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Strengthening employment-based pensions in Japan
Clark, Robert L.; Mitchell, Olivia S. - 2002
Persistent link: https://www.econbiz.de/10001663778
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Strengthening Employment-Based Pensions in Japan
Clark, Robert L. - 2002
We investigate how the Japanese pension market for funded employment-based pensions is changing and how it might be … strengthened in order to better serve one of the most rapidly aging populations in the world. Public and private pensions in Japan … legislation. Next we show that important design questions remain to be answered, if Japanese employment-based pensions are to be …
Persistent link: https://www.econbiz.de/10012469823