The Changing Role of Employer Pensions: Tax Expenditures, Costs, and Implications for Middle-class Elderly

Teresa Ghilarducci and Zvi Bodie

Chapter 8 in Government Spending on the Elderly, 2007, pp 193-219 from Palgrave Macmillan

Abstract: Abstract What puzzles the nation is why pensions can be so expensive and deliver so little. All workers are feeling the pension pinch: those without pensions, those with pensions, and those who have lost pensions. The stagnation in pension coverage coupled with employer adoption of 401(k) plans means the hopes of those without pensions are smaller; those with pensions have experienced more risks and responsibilities for saving and investing; and those who have lost pensions feel robbed and forced to work longer.

Keywords: Current Population Survey; Pension Plan; Employee Benefit; Retirement Income; Define Contribution (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59144-8_8

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DOI: 10.1057/9780230591448_8

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