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Economics of Health and Mortality Special Feature: The shift from defined benefit pensions to 401(k) plans and the pension assets of the baby boom cohort

机译:健康与死亡率经济学的特色:从定额给付养老金向401(k)计划的转变以及婴儿潮一代的养老金资产

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摘要

The rise of 401(k) plans and the decline of defined benefit plans will have an important effect on the wealth of future retirees. Changing demographic structure also will affect the aggregate stock of retirement wealth. We project the stock of assets held in retirement plans and the average retirement saving of retirees through 2040. Our projections show large increases in wealth at retirement, especially if the returns on corporate equities are comparable with historical returns. Retirement wealth will grow, however, even if equity returns fall substantially below their historical level.
机译:401(k)计划的增加和设定受益计划的减少将对未来退休人员的财富产生重要影响。不断变化的人口结构也将影响退休财富的总量。我们预计退休计划中持有的资产存量,以及到2040年退休人员的平均退休储蓄。我们的预测显示退休时的财富将大量增加,尤其是在公司股票收益与历史收益可比的情况下。然而,即使股票回报率大大低于历史水平,退休财富也会增长。

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