The Effect of Tax-Deferred Savings Plans on Household Wealth Accumulation: Evidence from the Survey of Consumer Finances: Technical Paper 1999-4:

Demographic trends and projections of continued slow productivity growth have led to significant concern about the viability of Social Security and Medicare in the next century. In addition to these gloomy predictions about public retirement programs, fundamental changes that are occurring in employer-sponsored pension coverage are also becoming a source of concern. Although the overall level of employer-sponsored retirement plan coverage in the U.S. has remained high during the last few decades, an increasing number of working families are now receiving their primary employer-sponsored