Implications of Rising Personal Retirement Saving

TitleImplications of Rising Personal Retirement Saving
Publication TypeBook Chapter
Year of Publication1998
AuthorsPoterba, JM, Venti, SF, Wise, DA
EditorWise, DA
Book TitleFrontiers in the Economics of Aging
Pagination125-167
PublisherUniversity of Chicago Press
CityChicago, IL
KeywordsEmployment and Labor Force, Income, Pensions
Abstract

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.

Notes

RDA 1999-002 ProCite field 8 : ed.

Endnote Keywords

Economic Status--earnings histories, wealth/401(k) participation and balances/Labor

Endnote ID

8276

Endnote Author Address

HRS 1992

Short TitleImplications of Rising Personal Retirement Saving
Citation Key5162