Workers' Knowledge of Their Pension Coverage: A Reevaluation

18 Pages Posted: 26 Mar 1999

See all articles by Martha Starr

Martha Starr

Independent; Greylock McKinnon Associates

Annika E. Sundén

Stockholm University - Swedish Institute for Social Research (SOFI)

Date Written: January 1999

Abstract

Because employer-provided pensions represent an important source of income during retirement, accurate information on pension coverage would seem to be crucial for making sound decisions on retirement timing, saving, and portfolio allocation. However, previous research suggests that workers' knowledge of their pension provisions is often incomplete or incorrect. This paper re-examines workers' knowledge of their pension coverage, using matched employer-employee data from the Federal Reserve Board's Survey of Consumer Finances. We find that, while most workers in our sample accurately reported the general features of their pension coverage, their knowledge of the detailed features was often fairly limited.

JEL Classification: J32, E21, D12

Suggested Citation

Starr, Martha and Starr, Martha and Sundén, Annika E., Workers' Knowledge of Their Pension Coverage: A Reevaluation (January 1999). Available at SSRN: https://ssrn.com/abstract=155142 or http://dx.doi.org/10.2139/ssrn.155142

Greylock McKinnon Associates ( email )

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Cambridge, MA 02142
United States
12025773640 (Phone)

Annika E. Sundén

Stockholm University - Swedish Institute for Social Research (SOFI) ( email )

Kyrkgatan 43B
SE-106 91 Stockholm
Sweden

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