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Author: Munnell, Alicia H.
Resulting in 2 citations.
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Aubry, Jean-Pierre Munnell, Alicia H. Quinby, Laura D. Springstead, Glenn |
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How Many Public Workers Without Social Security Could Fall Short? State and Local Pension Plans Brief 82, Center for Retirement Research at Boston College, April 2022. Also: https://crr.bc.edu/wp-content/uploads/2022/03/SLP82.pdf Cohort(s): NLSY79 Publisher: Center for Retirement Research at Boston College Keyword(s): Health and Retirement Study (HRS); Panel Study of Income Dynamics (PSID); Pensions; Public Sector; Retirement/Retirement Planning; Social Security Permission to reprint the abstract has not been received from the publisher. Social Security is designed to serve as the base of retirement support, to be supplemented by employer sponsored plans. However, some state and local government employees -- approximately one-quarter, or 5 million workers annually -- are not covered by Social Security on their current job. Federal law allows these noncovered workers to remain outside of Social Security if their state or local plan provides comparable benefits. This brief addresses the extent to which lifetime benefits received by noncovered workers are equal to what they would have received from Social Security alone, had they been covered. Hence, the brief compares the pensions of noncovered workers to a very low bar, leaving to later discussion the broader question of how their total retirement income compares to workers with a lifetime of Social Security and employer-provided benefits. |
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Bibliography Citation
Aubry, Jean-Pierre, Alicia H. Munnell, Laura D. Quinby and Glenn Springstead. "How Many Public Workers Without Social Security Could Fall Short?" State and Local Pension Plans Brief 82, Center for Retirement Research at Boston College, April 2022. |
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Munnell, Alicia H. |
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Private Pensions and Savings: New Evidence Journal of Political Economy 84,5 (October 1976): 1013-1032. Also: http://www.jstor.org/stable/1830440 Cohort(s): Older Men Publisher: University of Chicago Press Keyword(s): Behavior; Earnings; Family Resources; Pensions; Retirement/Retirement Planning; Social Security This paper examines the impact of private pension coverage on the saving behavior of men in their preretirement years. The empirical work is based on the Ando-Modigliani model but permits explicit recognition of differences in expected retirement age between covered and noncovered groups. The results clearly indicate that, contrary to earlier work by Cagan and Katona, pension coverage reduces saving in other forms. |
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Bibliography Citation
Munnell, Alicia H. "Private Pensions and Savings: New Evidence." Journal of Political Economy 84,5 (October 1976): 1013-1032.
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