Disposition of Lump-Sum Pension Distributions: Evidence from Tax Returns
AbstractAbout one-third of the disbursements from pension plans are in the form of lump-sum distributions. In this paper, we use tax-return data to study the incidence and disposition of lump-sum distributions. We find that most lump-sum distributions are small, and the probability of rolling a lump sum over is positively correlated with the size of the distribution. Also, although lower-income families are less likely to roll over any given-sized distribution, these families are less likely to receive significant lump sums in the first place so that nonrolled lump sums (leakage from the pension system) are not significant relative to income.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 52 (1999)
Issue (Month): n. 3 (September Citation: 52 National Tax Journal 593-614 (September 1999))
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hurd, Michael & Panis, Constantijn, 2006. "The choice to cash out pension rights at job change or retirement," Journal of Public Economics, Elsevier, vol. 90(12), pages 2213-2227, December.
- Burman, Leonard E. & Coe, Norma B. & Dworsky, Michael & Gale, William G., 2012.
"Effects Of Public Policies On The Disposition Of Pre-Retirement Lump-Sum Distributions: Rational And Behavioral Influences,"
National Tax Journal,
National Tax Association, vol. 65(4), pages 863-87, December .
- Burman, L.E. & Coe, N.B. & Dworsky, M. & Gale, W.G., 2008. "Effects of Public Policies on the Disposition of Pre-retirement Lump-Sum Distributions: Rational and Behavioral Influences," Discussion Paper 2008-94, Tilburg University, Center for Economic Research.
- James M. Poterba & Steven F. Venti & David A. Wise, 1999.
"Pre-Retirement Cashouts and Foregone Retirement Saving: Implications for 401(k) Asset Accumulation,"
NBER Working Papers
7314, National Bureau of Economic Research, Inc.
- James M. Poterba & Steven F. Venti, 2001. "Preretirement Cashouts and Foregone Retirement Saving: Implications for 401(k) Asset Accumulation," NBER Chapters, in: Themes in the Economics of Aging, pages 23-58 National Bureau of Economic Research, Inc.
- Steven F. Venti & James M. Poterba & David A. Wise, 2000. "Saver Behavior and 401(k) Retirement Wealth," American Economic Review, American Economic Association, vol. 90(2), pages 297-302, May.
- Barry P. Bosworth & Gary Burtless & Sarah E. Anders, 2007. "Capital Income Flows and the Relative Well-Being of America's Aged Population," Working Papers, Center for Retirement Research at Boston College wp2007-21, Center for Retirement Research, revised Dec 2007.
- Engelhardt, Gary V., 2003. "Reasons for job change and the disposition of pre-retirement lump-sum pension distributions," Economics Letters, Elsevier, vol. 81(3), pages 333-339, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charmaine Wright).
If references are entirely missing, you can add them using this form.