Retirement and the evolution of pension structure

被引:67
作者
Friedberg, L [1 ]
Webb, A
机构
[1] Univ Virginia, Charlottesville, VA 22903 USA
[2] Natl Bur Econ Res, Cambridge, MA 02138 USA
关键词
D O I
10.3368/jhr.XL.2.281
中图分类号
F [经济];
学科分类号
02 ;
摘要
Defined benefit pension plans have become considerably less common since the early 1980s, while defined contribution plans have spread. Previous research showed that defined benefit plans, with sharp incentives encouraging retirement after a certain point, contributed to the striking decline in American retirement ages. In this paper we find that the absence of age-related incentives in defined contribution plans leads workers to retire almost two years later on average, compared to workers with defined benefit plans. Thus, the evolution of pension structure can help explain recent increases in the typical retirement age, after decades of decline.
引用
收藏
页码:281 / 308
页数:28
相关论文
共 29 条
[1]  
[Anonymous], PENSIONS LABOR INDIV
[2]  
BROWN C, 1999, FORECASTING RETIREME, P253
[3]  
BROWN J, 1999, 7268 NAT BUR EC RES
[4]   PENSION ACCEPTANCE DECISION OF OLDER WORKERS [J].
BURKHAUSER, RV .
JOURNAL OF HUMAN RESOURCES, 1979, 14 (01) :63-75
[5]  
CLARK RL, 1990, CHOICE PENSION PLANS
[6]  
Coile C, 2000, 7830 NAT BUR EC RES
[7]  
COILE C, 2000, THEMES EC AGING, P311
[8]  
Costa DoraL., 1998, The Evolution of Retirement: An American Economic History, 1880-1990
[9]  
FILER R, 1998, UNPUB MODEL ENDOGENO
[10]  
FILER R, 2000, 2002022B FED BANK SA