Plan Types and Their Effect on Retirement Patterns

Description:

In 1993, 38.9 million people were covered by a 401(k) plan, up from 7.1 million in 1983. The rapid growth of 401(k) and other defined contribution pension plans may alter retirement patterns of older workers. Previous research showed that the spread of defined benefit plans, with sharp age-related incentives first discouraging and later encouraging retirement, contributed to the early retirement trend of past decades. Defined contribution plans differ along several dimensions, especially in their smooth rate of pension wealth accrual. Data from the Health and Retirement Study show that retirement patterns have begun to change as defined contribution plans have spread. Estimates indicate that the financial incentives in defined benefit pensions lead people to retire almost two years earlier, compared to people with defined contribution plans.

Creator(s): Marrone, Mickey M.
Creation Date: August 2003
Partner(s):
UNT Libraries
Collection(s):
UNT Theses and Dissertations
Usage:
Total Uses: 46
Past 30 days: 3
Yesterday: 0
Creator (Author):
Publisher Info:
Publisher Name: University of North Texas
Place of Publication: Denton, Texas
Date(s):
  • Creation: August 2003
  • Digitized: August 28, 2003
Description:

In 1993, 38.9 million people were covered by a 401(k) plan, up from 7.1 million in 1983. The rapid growth of 401(k) and other defined contribution pension plans may alter retirement patterns of older workers. Previous research showed that the spread of defined benefit plans, with sharp age-related incentives first discouraging and later encouraging retirement, contributed to the early retirement trend of past decades. Defined contribution plans differ along several dimensions, especially in their smooth rate of pension wealth accrual. Data from the Health and Retirement Study show that retirement patterns have begun to change as defined contribution plans have spread. Estimates indicate that the financial incentives in defined benefit pensions lead people to retire almost two years earlier, compared to people with defined contribution plans.

Degree:
Level: Master's
Discipline: Applied Economics
Note:

Problem in Lieu of Thesis

Language(s):
Subject(s):
Keyword(s): Retirement | defined benefit | defined contribution
Contributor(s):
Partner:
UNT Libraries
Collection:
UNT Theses and Dissertations
Identifier:
  • ARK: ark:/67531/metadc4306
Resource Type: Thesis or Dissertation
Format: Text
Rights:
Access: Public
License: Copyright
Holder: Marrone, Mickey M.
Statement: Copyright is held by the author, unless otherwise noted. All rights reserved.