Pension Wealth and Income: 1992, 1998, and 2004

Posted: 10 Mar 2010

See all articles by Olga Sorokina

Olga Sorokina

affiliation not provided to SSRN

Anthony Webb

Boston College - Center for Retirement Research

Dan Muldoon

Center for Retirement Research at Boston College

Date Written: January 2008

Abstract

What is the impact of the shift from defined benefit to defined contribution plans on the pension wealth of households approaching retirement? Using data from the Health and Retirement Study, this brief documents this shift and compares employer-sponsored pension wealth across households with heads age 51-56 in 1992, 1998, and 2004. The results show that, for the average household, both pension wealth and replacement rates the ratio of annual benefits to pre-retirement earnings fell between 1992 and 2004.

Suggested Citation

Sorokina, Olga and Webb, Anthony and Muldoon, Dan, Pension Wealth and Income: 1992, 1998, and 2004 (January 2008). Available at SSRN: https://ssrn.com/abstract=1118972

Olga Sorokina (Contact Author)

affiliation not provided to SSRN ( email )

Anthony Webb

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

Dan Muldoon

Center for Retirement Research at Boston College ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

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