The Effect of Job Mobility on Pension Wealth

This study examined the extent to which labor market mobility affects workers' ability to amass retirement wealth through employer-sponsored pension plans. This is done by calculating the total pension wealth accumulated over a worker's entire career using different patterns of pension cov...

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Bibliographic Details
Published in:The Gerontologist 1994-04, Vol.34 (2), p.173-179
Main Authors: Mehdizadeh, Shahla A., Luzadis, Rebecca A.
Format: Article
Language:English
Subjects:
Career Mobility
Defined benefit
Defined contribution
Employee benefits
Pensions
Pensions - statistics & numerical data
Retirement
Retirement planning
Social Security
United States
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Summary:This study examined the extent to which labor market mobility affects workers' ability to amass retirement wealth through employer-sponsored pension plans. This is done by calculating the total pension wealth accumulated over a worker's entire career using different patterns of pension coverage in a variety of jobs. The study indicates that, with a mobile workforce, accumulation of pension wealth depends critically on the type and timing of pension coverage during a career.
ISSN:0016-9013
1758-5341
DOI:10.1093/geront/34.2.173