Not Your Father's Pension Plan: The Rise of 401(k) and Other Defined Contribution Plans (ICPSR 1253)

Version Date: Mar 8, 2002

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Principal Investigator(s):
Leora Friedberg, Federal Reserve Bank of St. Louis; Michael T. Owyang, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01253.v1

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Summary

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. Old-style defined benefit pensions were designed to give a fixed income after retirement, but only for workers who stayed in a job for 20 or 30 years\; workers who left early ended up with little or nothing. Resulting changes in portability, access to pension wealth, and riskiness are altering incentives for job tenure and worker mobility, retirement, and saving both before and after retirement.

Citation

Friedberg, Leora, and Owyang, Michael T. Not Your Father’s Pension Plan: The Rise of 401(k) and Other Defined Contribution Plans. Inter-university Consortium for Political and Social Research [distributor], 2002-03-08. https://doi.org/10.3886/ICPSR01253.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The file submitted is a data file, 0201mo.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

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Original Release Date

2002-03-08

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • Friedberg, Leora, and Michael T. Owyang. Not Your Father's Pension Plan: The Rise of 401(k) and Other Defined Contribution Plans. ICPSR01253-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2002-03-08. http://doi.org/10.3886/ICPSR01253.v1
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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.