Defined Benefit and Defined Contribution Plans and the Distribution of Family Wealth: Working Paper 2023-02

Nadia Karamcheva and Victoria Perez-Zetune

No 58305, Working Papers from Congressional Budget Office

Abstract: Family wealth inequality in the United States has risen over the past several decades, as documented by researchers using a variety of methods and data. Much of family wealth is in tax- preferred, employer-sponsored retirement plans—typically either a traditional defined benefit (DB) plan or the now more prevalent defined contribution (DC) plan. Because retirement wealth is generally less concentrated than other types, changes in the distribution of retirement wealth and in the type of retirement assets could affect overall wealth inequality.Using data

JEL-codes: J21 J26 (search for similar items in EconPapers)
Date: 2023-02-10
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (2)

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