The number of working Americans with pensions of any kind has decreased steadily since 2001.
The number of people participating in defined contribution plans also decreased, going from 33 percent of employed men between 1999 and 2001 to 30 percent from 2007 to 2009, according to University of Michigan economist Frank Stafford.
Stafford is the co-author with Thomas Bridges, a U-M graduate student in economics, of a working paper titled "At the Corner of Main and Wall Street: Family Pension Responses to Liquidity Change and Perceived Returns." In the paper, they analyze data from the Panel Study of Income Dynamics, a survey of a nationally representative sample of U.S. households conducted by the U-M Institute for Social Research since 1968.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
