[PDF.23do] Finance and Economics Discussion Series: Pensions, Social Security, and the Distribution of Wealth

Finance and Economics Discussion Series: Pensions, Social Security, and the Distribution of Wealth

[PDF.lg57] Finance and Economics Discussion Series: Pensions, Social Security, and the Distribution of Wealth

Finance and Economics Discussion  Arthur B. Kennickell, Annika E. Sunden epub
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 |  2013-02-06 | Original language:English | PDF # 1 |  9.69 x.9 x7.44l,.21 | File type: PDF | 44 pages

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This paper uses the Survey of Consumer Finances (SCF) to examine pension coverage, estimate Social Security and pension wealth for U.S. households in 1989 and 1992, and estimate the effects of pension wealth on non-pension net worth. As expected, the SCF data show that including pensions and Social Security in net worth makes the distribution more even. The analysis of the effects of pension wealth on other types of savings indicates that there is a negative effect of de...

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