Old-age provisions in the United States: Changes in the retirement system since the 1980s
AbstractWhen policy discussions turn to income provisions for the old-aged, the focus is often on Social Security programs and the long-term solvency of national public pension systems. While Social Security remains the most important income source for the non-working elderly in the United States, Americans have a much longer tradition of relying on occupational and individual pensions as a crucial part of their retirement income. The paper gives an account of relevant social and legal provisions with implications for voluntary and involuntary retirement, and documents how statutory changes during the past three decades have affected the financial well-being of current and future retirees. It concludes that growing risks in old age are less due to declining Social Security benefits than to several trends in the private industry and financial markets that have seriously weakened employmentbased, old-age protection. In terms of institutional changes, however, the United States has not seen any fundamental restructuring of its public pension system since the 1980s. --
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 InfoPaper provided by Social Science Research Center Berlin (WZB) in its series Discussion Papers, Research Unit: Inequality and Social Integration with number SP I 2011-204.
Date of creation: 2011
Date of revision:
Contact details of provider:
Postal: Reichpietschufer 50, 10785 Berlin, Germany
Phone: ++49 - 30 - 25491 - 0
Fax: ++49 - 30 - 25491 - 684
Web page: http://www.wzb.eu/
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-04-17 (Economics of Ageing)
- NEP-ALL-2012-04-17 (All new papers)
- NEP-DEM-2012-04-17 (Demographic Economics)
- NEP-LAB-2012-04-17 (Labour Economics)
- NEP-PUB-2012-04-17 (Public Finance)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).
If references are entirely missing, you can add them using this form.