The Impact of Pensions on Nonpension Investment Choices

TitleThe Impact of Pensions on Nonpension Investment Choices
Publication TypeBook Chapter
Year of Publication2007
AuthorsFriedberg, L, Webb, A
Book TitleRedefining Retirement: How Will Boomers Fare?
PublisherOxford University Press
CityNew York, NY
ISBN Number9780199230778
KeywordsConsumption and Savings, Net Worth and Assets, Pensions

This chapter documents the investment choices of workers outside their company pensions. The Health and Retirement Study is used to evaluate how investment patterns outside pension holdings have been influenced by the shift from defined benefit to defined contribution pensions. Since workers with defined benefit plans can expect steady income in retirement, they might be thought to invest less conservatively outside their pensions. Nevertheless, the data show otherwise. Defined contribution participants also hold stock investments outside their pension portfolios. These findings suggest that increased stock holding as defined benefit plans decline in importance.


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Endnote Keywords

Investments/Pensions/Retirement Saving

Endnote ID


Citation Key5214