Are 401(k) Plans Replacing Other Employer-Provided Pensions? Evidence from Panel Data
AbstractThis paper examines whether sponsors of traditional defined benefit (DB) plans are replacing them with 401(k) or other defined contribution (DC) plans. I compare pension plan offerings by sponsors of a DB plan in 1985 with their offerings in 1992 using Form 5500 filings. I find that 401(k) and other DC plans are substituting for terminated DB plans and that offering a DC plan of any type increases the probability of a DB termination. Thus, it appears that, at the sponsor level, many of the new 401(k) plans are not avenues for net saving but are replacements for the more traditional pension forms.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 34 (1999)
Issue (Month): 2 ()
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Web page: http://jhr.uwpress.org/
Other versions of this item:
- Leslie E. Papke, 1996. "Are 401(k) Plans Replacing Other Employer-Provided Pensions? Evidence from Panel Data," NBER Working Papers 5736, National Bureau of Economic Research, Inc.
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
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