Retirement Security in an Aging Population
Elderly individuals exhibit wide disparities in their sources of income. For those in the bottom half of the income distribution, Social Security is the most important source of support; program changes would directly affect their well-being. Income from private pensions, assets, and earnings are re...
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| Format: | Article |
| Language: | en_US |
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American Economic Association
2015
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| Online Access: | http://hdl.handle.net/1721.1/96079 https://orcid.org/0000-0003-3532-0998 |
| _version_ | 1826193726575214592 |
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| author | Poterba, James M. |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Poterba, James M. |
| author_sort | Poterba, James M. |
| collection | MIT |
| description | Elderly individuals exhibit wide disparities in their sources of income. For those in the bottom half of the income distribution, Social Security is the most important source of support; program changes would directly affect their well-being. Income from private pensions, assets, and earnings are relatively more important for higher-income elderly individuals, who have more diverse income sources. The trend from private sector defined benefit to defined contribution pension plans has shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able to sustain their standard of living in retirement without higher pre-retirement saving. |
| first_indexed | 2024-09-23T09:43:57Z |
| format | Article |
| id | mit-1721.1/96079 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T09:43:57Z |
| publishDate | 2015 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | mit-1721.1/960792022-09-26T13:22:08Z Retirement Security in an Aging Population Poterba, James M. Massachusetts Institute of Technology. Department of Economics Poterba, James M. Elderly individuals exhibit wide disparities in their sources of income. For those in the bottom half of the income distribution, Social Security is the most important source of support; program changes would directly affect their well-being. Income from private pensions, assets, and earnings are relatively more important for higher-income elderly individuals, who have more diverse income sources. The trend from private sector defined benefit to defined contribution pension plans has shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able to sustain their standard of living in retirement without higher pre-retirement saving. National Institute on Aging National Science Foundation (U.S.) 2015-03-19T16:00:16Z 2015-03-19T16:00:16Z 2014-05 Article http://purl.org/eprint/type/JournalArticle 0002-8282 http://hdl.handle.net/1721.1/96079 Poterba, James M. “ Retirement Security in an Aging Population † .” American Economic Review 104, no. 5 (May 2014): 1–30. https://orcid.org/0000-0003-3532-0998 en_US http://dx.doi.org/10.1257/aer.104.5.1 American Economic Review Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf American Economic Association American Economic Association |
| spellingShingle | Poterba, James M. Retirement Security in an Aging Population |
| title | Retirement Security in an Aging Population |
| title_full | Retirement Security in an Aging Population |
| title_fullStr | Retirement Security in an Aging Population |
| title_full_unstemmed | Retirement Security in an Aging Population |
| title_short | Retirement Security in an Aging Population |
| title_sort | retirement security in an aging population |
| url | http://hdl.handle.net/1721.1/96079 https://orcid.org/0000-0003-3532-0998 |
| work_keys_str_mv | AT poterbajamesm retirementsecurityinanagingpopulation |