An Analysis of Pension Benefit Formulas, Pension Wealth and Incentives from Pensions

61 Pages Posted: 15 Mar 2004

See all articles by Alan L. Gustman

Alan L. Gustman

Dartmouth College - Department of Economics; National Bureau of Economic Research (NBER)

Thomas L. Steinmeier

Texas Tech University - Department of Economics and Geography

Date Written: March 1988

Abstract

This paper investigates empirical issues related to pensions. It uses the 1983 Survey of Consumer Finances (SCF), a data set with detailed information both on workers and on their pensions. The paper presents new estimates of pension values for various groups. It compares pension values based on relatively complete SCF data with estimates based on incomplete data of the type found in other data sets. It also examines incentives that pensions create for retirement and job mobility, and relates these incentives to plan characteristics. Some findings appear inconsistent with standard explanations for the existence and nature of pensions.

Suggested Citation

Gustman, Alan L. and Steinmeier, Thomas L., An Analysis of Pension Benefit Formulas, Pension Wealth and Incentives from Pensions (March 1988). NBER Working Paper No. w2535, Available at SSRN: https://ssrn.com/abstract=425564

Alan L. Gustman (Contact Author)

Dartmouth College - Department of Economics ( email )

6106 Rockefeller Center
Hanover, NH 03755
United States
603-646-2641 (Phone)
603-646-2122 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Thomas L. Steinmeier

Texas Tech University - Department of Economics and Geography ( email )

Lubbock, TX 79409-2101
United States
806-742-2201 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
31
Abstract Views
908
PlumX Metrics