How has the shift to 401(k) plans affected retirement income?

Munnell, Alicia Haydock, Wenliang Hou, Anthony Webb, and Yinji Li. “How has the shift to 401(k) plans affected retirement income?”. Issue in Brief 17-5, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, March 2017. http://hdl.handle.net/2345/bc-ir:107322.
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Abstract

The brief's key findings are: (1) This analysis addresses how the transition from defined benefit to defined contribution plans affected retirement wealth and income during 1992-2010. (2) The results show: (a) total retirement wealth from employer plans was roughly flat, and this wealth is now more skewed toward those with more education; (b) the income produced by each dollar of retirement wealth has declined, despite a tendency for workers to retire later; (c) and the amount of income relative to a worker's earnings has declined. (3) The bottom line is that employer plans are providing less retirement income today than in the past.

Title
How has the shift to 401(k) plans affected retirement income?
Author
Munnell, Alicia Haydock
Hou, Wenliang
Webb, Anthony
Li, Yinji
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
March 2017
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
17-5
Persistent Link
http://hdl.handle.net/2345/bc-ir:107322
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
Financing Retirement

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