Are 401(k) Plans Replacing Other Employer-Provided Pensions? Evidence from Panel Data

Leslie Papke

Journal of Human Resources, 1999, vol. 34, issue 2, 346-368

Abstract: This paper examines whether sponsors of traditional defined benefit (DB) plans are replacing them with 401(k) or other defined contribution (DC) plans. I compare pension plan offerings by sponsors of a DB plan in 1985 with their offerings in 1992 using Form 5500 filings. I find that 401(k) and other DC plans are substituting for terminated DB plans and that offering a DC plan of any type increases the probability of a DB termination. Thus, it appears that, at the sponsor level, many of the new 401(k) plans are not avenues for net saving but are replacements for the more traditional pension forms.

Date: 1999
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Working Paper: Are 401(k) Plans Replacing Other Employer-Provided Pensions? Evidence from Panel Data (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:34:y:1999:i:2:p:346-368

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