The shift from defined benefit pensions to 401(k) plans and the pension assets of the baby boom cohort.
Where this comes from
- Record sourced from PubMed, PMID 17686989.
- Also identified by PMC identifier 1948948.
- No licence information is recorded for this record.
- Because redistribution is not established, this page shows the abstract only. Follow the links below for the full text.
Abstract
The rise of 401(k) plans and the decline of defined benefit plans will have an important effect on the wealth of future retirees. Changing demographic structure also will affect the aggregate stock of retirement wealth. We project the stock of assets held in retirement plans and the average retirement saving of retirees through 2040. Our projections show large increases in wealth at retirement, especially if the returns on corporate equities are comparable with historical returns. Retirement wealth will grow, however, even if equity returns fall substantially below their historical level.
Medical subject headings
- Financing, Personal
- Pensions
- Population Dynamics