The transformation of the American pension system: was it beneficial for workers?
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Bibliographische Detailangaben
1. Verfasser: Wolff, Edward N. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Kalamazoo, Mich. W.E. Upjohn Institute for Employment Research 2011
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Includes bibliographical references and index
1. Introduction : A précis of the book ; Chapter outline -- 2. Recent trends in household wealth, 1983-2009: robust growth followed by collapse : Data sources and methods ; Median wealth rose briskly during the 2000s ; Wealth inequality shows a little change over the early and mid-2000s ; Household portfolios show a pronounced shift into DC pension accounts -- Portfolio composition by wealth class ; The racial divide remains largely unchanged over time ; Wealth shifts from the young to the old ; Stock ownership first rises and then falls ; An update to 2009 ; A wealth inequality puzzle ; Summary and concluding comments --
- 3. Review of the literature on retirement wealth and retirement adequacy : Did pension coverage rise? ; Did pension and retirement wealth increase? ; Do pensions reduce other forms of savings? ; Has retirement adequacy improved over time? ; Are there also improvements in the economic status of the elderly? ; What were the effects of the 2007-2009 recession on pension wealth? -- 4. The slowdown in pension wealth growth in the 2000s : Accounting framework ; Pension coverage on the employee level ; Trends in private accumulations ; DC employer contributions (DCEMP) to defined contribution pension plans ; Summary of findings -- 5. Stagnation of retirement wealth in the 2000s : Social security and total retirement wealth ; Augmented wealth ; Alternative pension wealth calculations ; Update to 2009 ; Summary and conclusions --
- 6. Differences in retirement wealth by demographic and household characteristics : Trends and composition of retirement and augmented wealth ; Disparities in retirement wealth by demographic group ; Summary and concluding remarks -- 7. Retirement prospects : Measuring retirement income adequacy ; Expected retirement income ; The expected poverty rate at retirement ; Replacement rates -- 8. Conclusions and policy recommendations : Summary of principal findings ; Policy recommendations -- Appendixes : A. Sources and methods used for the survey of consumer finances data ; B. Estimation of pension and social security wealth ; C. Augmented wealth including employer contributions to DC plans and net of taxes ; D. Extended results on retirement adequacy
Beschreibung:1 Online-Ressource (xv, 333 pages)
ISBN:9780880993906
0880993901
9780880993807
0880993804
9780880993791
0880993790

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