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are not consistent with a simple life cycle explanation for savings. They also raise questions about whether pensions are … and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread … average for this cohort on the verge of retirement. When pensions and social security are included, wealth accumulated by the …
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value of pensions and social security that better reflects the accrual of benefits under defined contribution plans. Such …
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Together, pensions, social security and health insurance account for half of the wealth held by all households in the …
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The President's Commission to Strengthen Social Security has proposed a number of changes in Social Security, each of them introducing personal accounts funded from a portion of payroll tax receipts, and in one case, out of additional contributions. These changes are presented in the form of...
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