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The Fall in Private Pension Coverage in the U.S

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Author Info
David E. Bloom
Richard B. Freeman

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Abstract

This study documents the 1980s fall in pension coverage and shows that it was concentrated most heavily on men, especially on the young and less educated. We find evidence that changes in real earnings and deunionization account for a sizeable portion of the fall in pension coverage. By contrast, we find little evidence that pension coverage fell because of a twist away from pensions in the tradeoff between pensions and other forms of compensation. With the possible exception of changes in the tax deductibility of contributions to individual retirement accounts, we also find little evidence that pension coverage declined because of institutional changes that reduced the attractiveness of pensions to employees or employers.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3973.

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Date of creation: Jan 1992
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Handle: RePEc:nbr:nberwo:3973

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. McKinley L. Blackburn & David E. Bloom & Richard B. Freeman, 1989. "The Declining Economic Position of Less-Skilled American Males," NBER Working Papers 3186, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. repec:fth:coluec:452 is not listed on IDEAS
  3. Richard B. Freeman, 1981. "The effect of unionism on fringe benefits," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 34(4), pages 489-509, July.
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  1. Drolet, Marie & Morissette, René, 1999. "L'évolution de la protection offerte par les pensions aux travailleurs jeunes et plus âgés au Canada," Direction des études analytiques : documents de recherche 1999138f, Statistics Canada, Direction des études analytiques. [Downloadable!]
  2. Alan L. Gustman & F. Thomas Juster, 1995. "Income and Wealth of Older American Households: Modeling Issues for Public Policy Analysis," NBER Working Papers 4996, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Alan L. Gustman & Olivia S. Mitchell & Thomas L. Steinmeier, 1993. "The Role of Pensions in the Labor Market," NBER Working Papers 4295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  4. Drolet, Marie & Morissette, René, 1999. "The Evolution of Pension Coverage of Young and Prime-aged Workers in Canada," Analytical Studies Branch Research Paper Series 1999138e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
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