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The Shift from DB to DC Coverage: A Reflection on the Issues

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  • Bob Baldwin

Abstract

This paper takes as its point of departure the shift in workplace pension coverage from defined-benefit (DB) pension plans to defined-contribution (DC) pension plans. The central concern of the paper is to identify the public policy issues that should be addressed to help members of DC pension plans use these vehicles more effectively. Measures that might enhance the predictability of DC outcomes, lower administrative costs, or facilitate decision-making receive particular attention. Unresolved research issues related to the topic and gaps in available data are also noted.

Suggested Citation

  • Bob Baldwin, 2008. "The Shift from DB to DC Coverage: A Reflection on the Issues," Canadian Public Policy, University of Toronto Press, vol. 34(s1), pages 29-38, November.
    • Handle: RePEc:cpp:issued:v:34:y:2008:i:s1:p:29-38
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    References listed on IDEAS

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    1. Waldo Tapia & Juan Yermo, 2007. "Implications of Behavioural Economics for Mandatory Individual Account Pension Systems," OECD Working Papers on Insurance and Private Pensions 11, OECD Publishing.
    2. Ajay Khorana & Henri Servaes & Peter Tufano, 2009. "Mutual Fund Fees Around the World," The Review of Financial Studies, Society for Financial Studies, vol. 22(3), pages 1279-1310.
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    Cited by:

    1. Fang, Tony & Messacar, Derek, 2019. "Voluntary Job Separations and Traditional versus Flexible Workplace Saving Plans: Evidence from Canada," IZA Discussion Papers 12262, Institute of Labor Economics (IZA).
    2. Bianchi Robert J. & Drew Michael E. & Walk Adam N., 2016. "The Time Diversification Puzzle: A Survey," Financial Planning Research Journal, Sciendo, vol. 2(2), pages 12-48.
    3. McGowan, Féidhlim & Lunn, Pete & Robertson, Deirdre, 2019. "Underestimation of money growth and pensions: Experimental investigations," Papers WP611, Economic and Social Research Institute (ESRI).
    4. McGowan, Féidhlim P. & Lunn, Peter D., 2020. "Supporting decision-making in retirement planning: Do diagrams on Pension Benefit Statements help?," Journal of Pension Economics and Finance, Cambridge University Press, vol. 19(3), pages 323-343, July.
    5. Meng, Channarith & Pfau, Wade Donald, 2011. "Retirement savings guidelines for residents of emerging market countries," MPRA Paper 31682, University Library of Munich, Germany.

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