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Defined Contribution Wealth Inequality: Role of Earnings Shocks, Portfolio Choice, and Employer Contributions

Joelle Saad-Lessler, Teresa Ghilarducci and Gayle Reznik
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Gayle Reznik: Schwartz Center for Economic Policy Analysis (SCEPA), http://www.economicpolicyresearch.org

No 2017-09, SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: Defined contribution retirement wealth for workers in the bottom 90 percent of the earnings distribution is affected more by earnings shocks, portfolio choice, and employer contributions than that of the top 10 percent. The asymmetry of impact and exposure by position in the earnings distribution may contribute to retirement wealth inequality

Keywords: Defined contribution pensions; retirement wealth inequality (search for similar items in EconPapers)
JEL-codes: D14 J26 J32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age
Date: 2017-06
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