Pension Participation, Wealth, and Income: 1992-2010

Abstract

is to produce first-class research and forge a strong link between the academic community and decision-makers in the public and private sectors around an issue of critical importance to the nation's future. To achieve this mission, the Center sponsors a wide variety of research projects, transmits new findings to a broad audience, trains new scholars, and broadens access to valuable data sources.

Social Security and Total Replacement Rates in Disability and Retirement

“…13 DC income is more challenging, because HRS respondents report the balance in their 401(k)-style plans and their IRAs (most of which consist of rolled-over DC plans). To convert the stock measure of their DC wealth into a flow, we assume that participants annuitize their DC wealth at prevailing rates from Annuity Shopper (2015), using the methodology in Munnell et al (2016). Although few households annuitize their DC wealth, this measure provides a proxy for the withdrawals they could make from DC plans without exhausting their wealth before their expected death date.…”

Measuring Racial/Ethnic Retirement Wealth Inequality

“…Their comparison reveals substantial misreporting but little evidence of systematic biases. For more detailed discussion, see Munnell et al (2016). 15 As in Mitchell and Moore (1997) and Gustman, Steinmeier, and Tabatabai (2010).…”

How Much Does Out-of-Pocket Medical Spending Eat Away at Retirement Income?

“…Correspondence with RAND researchers indicates that their version of the HRS does not include any income from 401(k) or IRA distributions. This study adds 401(k) wealth imputed in Gustman, Steinmeier, and Tabatabai (2014) and Munnell et al (2016) to IRA wealth from the RAND HRS, and then annuitizes the total to calculate potential defined contribution (DC) income. This potential annuity income is added to the total income measure calculated from the RAND.…”