Why do individuals choose defined contribution plans? Evidence from participants in a large public plan

We examine individual choices between a defined contribution (DC) and a defined benefit (DB) retirement plan at a large public employer. We find sensible patterns with regard to standard economic and demographic factors: the probability of choosing the DC plan decreases with the relative financial g...

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Veröffentlicht in:	Journal of public economics 2014-08, Vol.116, p.35-46
Hauptverfasser:	Brown, Jeffrey R., Weisbenner, Scott J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Defined benefit Defined contribution Education Financial literacy Income Participant observation Political risk Public pensions Retirement Retirement pensions Surveys
Online-Zugang:	Volltext
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