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Pension Participation, Wealth, and Income: 1992-2010

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  • Alicia H. Munnell
  • Wenliang Hou
  • Anthony Webb
  • Yinji Li

Abstract

Using data from the 1992, 1998, 2004, and 2010 waves of the Health and Retirement Study (HRS), this paper compares pension participation, pension wealth, projected retirement income, and replacement rates attributable to past service, by pension type for households ages 51-56. The analysis includes workers’ pension coverage during both current and past jobs. Defined contribution (DC) wealth is simply the current account balance. DC income is calculated by projecting current plan balances to retirement, assuming no further contributions, and assuming that households then annuitize. Defined benefit (DB) wealth and income are calculated by apportioning projected benefits to past and future service.

Suggested Citation

  • Alicia H. Munnell & Wenliang Hou & Anthony Webb & Yinji Li, 2016. "Pension Participation, Wealth, and Income: 1992-2010," Working Papers, Center for Retirement Research at Boston College wp2016-3, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2016-3
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    File URL: http://crr.bc.edu/working-papers/pension-participation-wealth-and-income-1992-2010/
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    Cited by:

    1. Wenliang Hou & Alicia H. Munnell & Geoffrey T. Sanzenbacher & Yinji Li, 2017. "Why Are U.S. Households Claiming Social Security Later?," Working Papers, Center for Retirement Research at Boston College wp2017-3, Center for Retirement Research.
    2. Alicia H. Munnell & Geoffrey Sanzenbacher & Alice Zulkarnain, 2020. "What Factors Explain the Decline in Widowed Women’s Poverty?," Demography, Springer;Population Association of America (PAA), vol. 57(5), pages 1881-1902, October.

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