Retirement and the Evolution of Pension Structure.

Friedberg, Leora; Webb, Anthony

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Peer reviewed

ERIC Number: EJ717435

Record Type: Journal

Publication Date: 2005-Mar-22

Pages: 28

Abstractor: Author

ISBN: N/A

ISSN: ISSN-0022-166X

EISSN: N/A

Retirement and the Evolution of Pension Structure

Friedberg, Leora; Webb, Anthony

Journal of Human Resources, v40 n2 p281 Spr 2005

A comparative analysis of defined benefit pension plans that were more common before 1980s and the defined contribution plans is presented. It is observed that defined benefit pension plans offered age related incentives thereby encouraging people to retire earlier. In contrast, defined contribution plans encourage people to continue with jobs beyond their retirement age because there is no such sharp increase in incentives based on age.

Descriptors: Retirement, Retirement Benefits, Age, Incentives, Comparative Analysis, Sociocultural Patterns

University of Wisconsin Press, Journals Division, 1930 Monroe St., Madison, WI 53711-2059. Web site: http://www.ssc.wisc.edu/jhr/home.html.

Publication Type: Journal Articles; Reports - Evaluative

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A