PENSIONS, RISK, AND FINANCIAL STATUS

养老金、风险和财务状况

• 批准号: 6740563
• 负责人: DAVID A WISE
• 金额: $ 19.82万
• 依托单位: NATIONAL BUREAU OF ECONOMIC RESEARCH
• 依托单位国家: 美国
• 财政年份: 2004
• 资助国家: 美国
• 起止时间: 2004-01-01 至 2009-03-31
• 项目状态: 已结题
• 来源: https://reporter.nih.gov/project-details/6740563
• 关键词: aging; behavioral /social science research tag; disability insurance; employment /unemployment; family structure /dynamics; health related legal; human data; income; income maintenance; meta analysis; organized financing; quality of life; retirement; social integration; social status; socioeconomics

Retirement saving has changed dramatically over the last two decades. There has been a shift from employer-managed defined benefit pensions to defined contribution retirement saving plans that are largely controlled by employees. Today, about 85 percent of private contributions are to personal retirement accounts. The concentration of retirement saving in personal accounts raises many questions about the risk associated with these plans and the effect of asset price fluctuations on individual choices. The proposed analysis under this subproject will evaluate the trends in the risk exposure of households, in light of the rapid transition from employer-provided DB plans to personal retirement accounts. In particular, the analysis will consider the risk associated with company stock in personal retirement accounts, and will compare the financial market risk of personal retirement accounts to the job-change risk of traditional employer-provided DB plans. In pursuing the evaluation of risk, the project will consider alternative methods of measuring and reporting risk. The proposed analysis will also direct attention to the effect of financial market fluctuations on the participation in and contributions to personal retirement accounts, on the retirement decision, and on the home downsizing decision of older households. Finally, the analysis will evaluate the effect of recent tax law changes on the participation in and the contributions to personal retirement accounts.

过去二十年来，退休储蓄发生了巨大变化。从雇主管理的固定福利养老金转向主要由雇员控制的固定缴款退休储蓄计划。如今，大约 85% 的私人缴款存入个人退休账户。退休储蓄集中在个人账户中引发了许多关于与这些计划相关的风险以及资产价格波动对个人选择的影响的问题。鉴于从雇主提供的 DB 计划到个人退休账户的快速过渡，本子项目拟议的分析将评估家庭风险暴露的趋势。特别是，该分析将考虑个人退休账户中与公司股票相关的风险，并将个人退休账户的金融市场风险与传统雇主提供的 DB 计划的工作变动风险进行比较。在进行风险评估时，项目将考虑 衡量和报告风险的替代方法。拟议的分析还将关注金融市场波动对个人退休账户参与和缴款、退休决定以及老年家庭缩小住房规模决定的影响。最后，分析将评估最近税法变化对个人退休账户参与和缴款的影响。