Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992
By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of retirement. Between 1969 and 1992, abstracting from the effects of changes in wages and years of covered work on pension benefit amounts, changes in pension coverage and plan provisions raised total wealth by $67,000. This raised wealth from employer provided pension benefits per family by 150 percent in real terms. Changes in retiree health benefits, which have only about 7 percent of the value of pensions, experienced similar real growth, increasing in value by $3,700. Most of the increases in pension values and the value of retiree health insurance plans was due to improvements in real benefits for covered workers. All classes of wealth holders enjoyed increased wealth from employer-provided retirement plans, but those in the top half of the wealth distribution enjoyed increases that were much larger in absolute terms and larger in relation to the holders' total wealth.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- John Rust & Christopher Phelan, 1994.
"How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets,"
9406005, EconWPA, revised 06 Jul 1994.
- John Rust & Christopher Phelan, 1997. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Econometrica, Econometric Society, vol. 65(4), pages 781-832, July.
- Rust, J., 1994. "How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets," Working papers 9430, Wisconsin Madison - Social Systems.
- Olivia Mitchell & Jan Olson & Thomas Steinmeier, 1996.
"Construction of the Earnings and Benefits File (EBF) for Use With the Health and Retirement Survey,"
NBER Working Papers
5707, National Bureau of Economic Research, Inc.
- Olivia S. Mitchell & Jan Olson & Thomas Steinmeier, . "Construction of the Earnings and Benefits File (EBF) for Use with the Health and Retirement Survey," Pension Research Council Working Papers 98-19, Wharton School Pension Research Council, University of Pennsylvania.
- Ann McDermed & Robert L. Clark & Steven G. Allen, 1989.
"Pension Wealth, Age-Wealth Profiles, and the Distribution of Net Worth,"
in: The Measurement of Saving, Investment, and Wealth, pages 689-736
National Bureau of Economic Research, Inc.
- Ann A. McDermed & Robert L. Clark & Steven G. Allen, 1987. "Pension Wealth, Age-Wealth Profiles and the Distribution of Net Worth," NBER Working Papers 2439, National Bureau of Economic Research, Inc.
- Martin Feldstein & Jeffrey B. Liebman, 2001.
NBER Working Papers
8451, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:uwp:jhriss:v:35:y:2000:i:1:p:30-50. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.