Bulow, Jeremy I.; Scholes, Myron S.; Menell, Peter - National Bureau of Economic Research (NBER) - 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...
