Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992

Alan L. Gustman and Thomas L. Steinmeier
The Journal of Human Resources
Vol. 35, No. 1 (Winter, 2000), pp. 30-50
DOI: 10.2307/146355
Stable URL: http://www.jstor.org/stable/146355
Page Count: 21
  • Read Online (Free)
  • Download ($17.00)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992
Preview not available

Abstract

By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of retirement. Between 1969 and 1992, abstracting from the effects of changes in wages and years of covered work on pension benefit amounts, changes in pension coverage and plan provisions raised total wealth by $67,000. This raised wealth from employer provided pension benefits per family by 150 percent in real terms. Changes in retiree health benefits, which have only about 7 percent of the value of pensions, experienced similar real growth, increasing in value by $3,700. Most of the increases in pension values and the value of retiree health insurance plans was due to improvements in real benefits for covered workers. All classes of wealth holders enjoyed increased wealth from employer-provided retirement plans, but those in the top half of the wealth distribution enjoyed increases that were much larger in absolute terms and larger in relation to the holders' total wealth.

Page Thumbnails

  • Thumbnail: Page 
[30]
    [30]
  • Thumbnail: Page 
31
    31
  • Thumbnail: Page 
32
    32
  • Thumbnail: Page 
33
    33
  • Thumbnail: Page 
34
    34
  • Thumbnail: Page 
35
    35
  • Thumbnail: Page 
36
    36
  • Thumbnail: Page 
37
    37
  • Thumbnail: Page 
38
    38
  • Thumbnail: Page 
39
    39
  • Thumbnail: Page 
40
    40
  • Thumbnail: Page 
41
    41
  • Thumbnail: Page 
42
    42
  • Thumbnail: Page 
43
    43
  • Thumbnail: Page 
44
    44
  • Thumbnail: Page 
45
    45
  • Thumbnail: Page 
46
    46
  • Thumbnail: Page 
47
    47
  • Thumbnail: Page 
48
    48
  • Thumbnail: Page 
49
    49
  • Thumbnail: Page 
50
    50