Retirement plan wealth inequality: measurement and trends
Using Health and Retirement Study data linked to summary plan descriptions and W-2s, this study reports trends in retirement wealth inequality of older employees 1992–2010. The study identifies and corrects methodological flaws in past research. Retirement wealth is highly unequally distributed; the...
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| Veröffentlicht in: | Journal of pension economics & finance 2022-01, Vol.21 (1), p.119-139 |
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| container_end_page | 139 |
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| container_title | Journal of pension economics & finance |
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| creator | Ghilarducci, Teresa Radpour, Siavash Webb, Anthony |
| description | Using Health and Retirement Study data linked to summary plan descriptions and W-2s, this study reports trends in retirement wealth inequality of older employees 1992–2010. The study identifies and corrects methodological flaws in past research. Retirement wealth is highly unequally distributed; the top lifetime earnings quintile holds half of all retirement wealth, the bottom quintile, only 1%. The top earnings quintile fared better in 2010 than in 1992, whereas bottom-quintile earners fared worse. But retirement wealth inequality mainly reflects inequality within earnings quintiles, resulting from inadequate savings, not outsize accumulations. Systemic flaws reduce median retirement wealth by 84% |
| doi_str_mv | 10.1017/S1474747220000074 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1474-7472 |
| ispartof | Journal of pension economics & finance, 2022-01, Vol.21 (1), p.119-139 |
| issn | 1474-7472 1475-3022 |
| language | eng |
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| source | Cambridge Journals Online; PAIS Index |
| subjects | Consent Earnings Economic inequality Employees Employers Health disparities Inequality Labor force Measurement Older people Retirement Retirement income Retirement plans Self employment Self report Trends Wealth Wealth distribution |
| title | Retirement plan wealth inequality: measurement and trends |
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