Work

Not Your Father's Pension Plan: The Rise of 401(k) and Other Defined Contribution Plans

Year: 2002

Type: article

Abstract: The number of workers with a 401(k) plan grew from 7.1 million in 1983 to 38.9 million by 1993. The rapid diffusion of 401(k) and other portable defined contribution plans and the decline in defined benefit pensions represent a major change in pension structure.

DOI: 10.20955/r.84.23-34

Authors: Leora Friedberg, Michael T. Owyang

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

OpenAlex ID: W1484392012

FWCI: 24.55

Cites: 60

Cited by: 35

Related to: 10