Pension Wealth Calculators for Employer-Provided Plans

该项目开发了一个新的固定缴款和401（k）计划养老金计算器，用于与健康和退休研究（HRS），消费者财务调查（SCF），收入动态小组研究（PSID）和国家成熟女性纵向研究（NLS-MW）中匹配的雇主养老金数据合作。计算器采用研究人员定义的工资和自愿缴款历史，回报率，通货膨胀率，沿着养老金计划和个人特征，以计算退休和储蓄研究中常用的大量重要产出指标，包括未来养老金权利的现值，雇主和雇员缴款的时间序列，以及401（k）缴款的雇主匹配率。该计算器可用于各种养老金分析，包括模拟。一个重要的创新是整合和使用社会保障管理局（SSA）的行政覆盖收入和W-2数据。该计算器将在老年工人的劳动力参与和退休储蓄以及退休收入保障的研究中有广泛的应用。当前版本的计算器在SAS中运行。拟议的研究将（1）扩展功能，以包括对退休，储蓄和老年人收入保障问题感兴趣的研究人员有价值的其他功能，例如年金支出和限制访问的管理SSA收入历史的链接，（2）为研究社区提供用户指南和在SAS和STATA中运行的计算器版本，研究人员在这一领域使用的两个最流行的统计软件包和HRS数据分发系统支持的两种数据格式，（3）提供SAS和STATA版本的计算器，用于在1998 HRS、1998 PSID、1983 SCF中的匹配养老金数据上运行，1989年的SCF和1989年的NLS-MW，以及（4）分析即将发布的1998年HRS和PSID养老金计划特征数据。

DESCRIPTION (provided by applicant): This project develops a new defined contribution and 401(k) plan pension calculator to work with the matched employer pension data in the Health and Retirement Study (HRS), Survey of Consumer Finances (SCF), Panel Study of Income Dynamics (PSID), and the National Longitudinal Study of Mature Women (NLS-MW). The calculator employs researcher-defined wage and voluntary contribution histories, rates of return, inflation rates, along with pension plan and individual characteristics to calculate a large number of important output measures commonly used in retirement and saving research, including the present value of future pension entitlements, time series of employer and employee contributions, and employer matching rates for 401(k) contributions. The calculator can be used for a wide variety of pension analysis, including simulations. An important innovation is the integration and use of administrative covered earnings and W-2 data from the Social Security Administration (SSA). The calculator will have broad application in research on the labor force participation and retirement saving of older workers and retirement income security. The current version of the calculator runs in SAS. The proposed research will (1) extend the capabilities to include additional features of value to researchers interested in retirement, saving, and elderly income security issues, such as annuity payouts and links to restricted-access administrative SSA earnings histories, (2) provide to the research community users' guides and versions of the calculator that run in SAS and STATA, the two most popular statistical packages used by researchers in this area and two of the data formats supported by the HRS data distribution system, (3) provide SAS and STATA versions of the calculator to run on the matched pension data in the 1998 HRS, 1998 PSID, 1983 SCF, 1989 SCF, and the 1989 NLS-MW, and (4) analyze the soon-to-be-released 1998 HRS and PSID pension plan characteristics data.