Conceptualizing the defined benefit pension promise implications from a survey of expert opinion

The long-term transition from defined benefit (DB) to defined contribution (DC) occupational pensions has been the subject of academic and industry research. Even so, there remains considerable debate about the causes and consequences of this transformation. This article explores these contentious i...

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Main Authors: Clark, G, Monk, A
Format: Journal article
Language:English
Published: International Society of Certified Employee Benefit Specialists (ISCEBS) 2008
Subjects:
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author Clark, G
Monk, A
author_facet Clark, G
Monk, A
author_sort Clark, G
collection OXFORD
description The long-term transition from defined benefit (DB) to defined contribution (DC) occupational pensions has been the subject of academic and industry research. Even so, there remains considerable debate about the causes and consequences of this transformation. This article explores these contentious issues through a unique survey of over 1,260 U.S. experts in the field of pension financing and provision. The results suggest that apparent disagreements among experts over the current predicament and future of DB pensions in the private sector represent disagreement about the very nature of the pension promise. Those who hold to a strong version of the pension promise hold to, in fact, a quite specific relational model of modern capitalism.
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spelling oxford-uuid:6da5469f-88c2-4a86-83c3-09e75f78894f2022-03-26T19:19:07ZConceptualizing the defined benefit pension promise implications from a survey of expert opinionJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:6da5469f-88c2-4a86-83c3-09e75f78894fPensionsGeographyEnglishOxford University Research Archive - ValetInternational Society of Certified Employee Benefit Specialists (ISCEBS)2008Clark, GMonk, AThe long-term transition from defined benefit (DB) to defined contribution (DC) occupational pensions has been the subject of academic and industry research. Even so, there remains considerable debate about the causes and consequences of this transformation. This article explores these contentious issues through a unique survey of over 1,260 U.S. experts in the field of pension financing and provision. The results suggest that apparent disagreements among experts over the current predicament and future of DB pensions in the private sector represent disagreement about the very nature of the pension promise. Those who hold to a strong version of the pension promise hold to, in fact, a quite specific relational model of modern capitalism.
spellingShingle Pensions
Geography
Clark, G
Monk, A
Conceptualizing the defined benefit pension promise implications from a survey of expert opinion
title Conceptualizing the defined benefit pension promise implications from a survey of expert opinion
title_full Conceptualizing the defined benefit pension promise implications from a survey of expert opinion
title_fullStr Conceptualizing the defined benefit pension promise implications from a survey of expert opinion
title_full_unstemmed Conceptualizing the defined benefit pension promise implications from a survey of expert opinion
title_short Conceptualizing the defined benefit pension promise implications from a survey of expert opinion
title_sort conceptualizing the defined benefit pension promise implications from a survey of expert opinion
topic Pensions
Geography
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AT monka conceptualizingthedefinedbenefitpensionpromiseimplicationsfromasurveyofexpertopinion