Defined Contribution Wealth Inequality: Role of Earnings Shocks, Portfolio Choice, and Employer Contributions
Teresa Ghilarducci () and
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Gayle Reznik: Schwartz Center for Economic Policy Analysis (SCEPA), http://www.economicpolicyresearch.org
No 2017-09, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
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)
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepawp:2017-12
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