Comparing wealth in retirement

Munnell, Alicia Haydock, Jean-Pierre Aubry, Josh Hurwitz, and Laura Quinby. “Comparing wealth in retirement”. State and Local Pension Plans 21, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, October 2011. http://hdl.handle.net/2345/bc-ir:104208.
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Abstract

The brief's key findings are: (1) Overall, 65-year-old couples with a state-local worker do not end up with more wealth at retirement than their private sector counterparts. (2) The results, however, differ by tenure in the state-local sector: (2a) The one-third with long tenure have 11 to 18 percent more wealth at age 65. (2b) The other two-thirds have less wealth at age 65. (3) For long-tenure workers, the wealth gain may be more from having a defined benefit plan, which forces saving, than from having higher compensation.

Title
Comparing wealth in retirement: State-local versus private sector workers
Author
Munnell, Alicia Haydock
Aubry, Jean-Pierre
Hurwitz, Josh
Quinby, Laura
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
October 2011
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
21
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104208
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and local pensions

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