|Title||Implications of Rising Personal Retirement Saving|
|Publication Type||Book Chapter|
|Year of Publication||1998|
|Authors||Poterba, JM, Venti, SF, Wise, DA|
|Book Title||Frontiers in the Economics of Aging|
|Publisher||University of Chicago Press|
|Keywords||Employment and Labor Force, Income, Pensions|
This paper simulates the 401(k) assets of future generations of retirees and compares these assets with the social security and other assets of the households who are approaching retirement now. The accumulation of 401(k) assets at retirement for the cohort that was 25 years old in 1984 and the cohort that was 15 years old in 1984 was projected. Findings based on these projections suggest that 401(k) assets will definitely be a significant component of the retirement wealth of future retirees and could be the dominant component for a large fraction of them.
RDA 1999-002 ProCite field 8 : ed.
|Endnote Keywords|| |
Economic Status--earnings histories, wealth/401(k) participation and balances/Labor
|Endnote ID|| |
|Endnote Author Address|| |
|Short Title||Implications of Rising Personal Retirement Saving|