Search Results
Title: Employer Provided Pension Data in the NLS Mature Women's Survey and in the Health and Retirement Study
Resulting in 1 citation.
| 1. |
Gustman, Alan L. Steinmeier, Thomas L. |
|
Employer Provided Pension Data in the NLS Mature Women's Survey and in the Health and Retirement Study Working Paper, Dartmouth College/NBER and Texas Tech University, October 1998 Cohort(s): Mature Women Publisher: National Bureau of Economic Research (NBER) Keyword(s): Age and Ageing; Benefits; Job Tenure; Pensions; Retirement/Retirement Planning; Social Security This study calculates the value and incentives from pensions held by respondents to the National Longitudinal Survey of Mature Women (NLS-MOO) and compares those outcomes to values calculated from the Health and Retirement Study (HRS). All estimates of pension values are based on employer provided pension data. The study also provides analytical tools for researchers to examine pensions in NLS-MOO study. These tools will be especially useful to those who are not pension experts. A pension plan may have a very simple structure. For example, a basic defined contribution (DC) pension may take the form of an account, such as a 401(k) plan, in which the individual's entitlement depends on the amount deposited and on accumulated returns. Or a pension may be an extremely complicated arrangement, such as a complex defined benefit (DB) plan providing benefits based on a formula, where benefits depend nonlinearly on earnings history, time on the job, including not just tenure, but the exact dates of employment, age and tenure at retirement and/or at benefit acceptance, social security entitlement, age relative to social security retirement age, changes in CPI since retirement, and on a number of other factors. Pensions are quite important, both as a source of total wealth and as a major influence on retirement behavior. On average, pensions account for about a quarter of wealth for households near retirement age, and more for those with higher lifetime incomes (Gustman and Steinmeier, forthcoming b). Some pensions, especially certain defined benefit plans offering special benefits to those who retire early, create incentives that greatly influence retirement behavior.' |
|
|
Bibliography Citation
Gustman, Alan L. and Thomas L. Steinmeier. "Employer Provided Pension Data in the NLS Mature Women's Survey and in the Health and Retirement Study." Working Paper, Dartmouth College/NBER and Texas Tech University, October 1998. |