Retirement Security in an Aging Population
Name
Poterba_Retirement security.pdf
Size
1.31 MB
Format
Adobe PDF
Checksum (MD5)
134c5c7474ef269504f74030eb82da50
Author(s)
Poterba, James M.
Date Issued
May 2014
Journal
American Economic Review
Publisher
American Economic Association
Citation
Poterba, James M. “ Retirement Security in an Aging Population † .” American Economic Review 104, no. 5 (May 2014): 1–30.
Version
Final published version
Abstract
Elderly individuals exhibit wide disparities in their sources of income. For those in the bottom half of the income distribution, Social Security is the most important source of support; program changes would directly affect their well-being. Income from private pensions, assets, and earnings are relatively more important for higher-income elderly individuals, who have more diverse income sources. The trend from private sector defined benefit to defined contribution pension plans has shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able to sustain their standard of living in retirement without higher pre-retirement saving.
MIT Department
Massachusetts Institute of Technology. Department of Economics
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1257/aer.104.5.1
