Archive: Annika Sundén
The brief’s key findings are: The economic crisis has posed a ‘stress test’ for the automatic benefit adjustments in Sweden’s pension system. Slow wage growth and a collapse in equity values triggered a first-time benefit cut for 2010. Policymakers have revised the automatic adjustments, however, to moderate the decline. Thus, even automatic adjustments may b…
Introduction The release of the Federal Reserve’s 2004 Survey of Consumer Finances (SCF) is a wonderful opportunity to re-assess the role that 401(k) plans are playing in the provision of retirement income. The SCF is a triennial survey of a nationally representative sample of U.S. households, which collects detailed information on households’ assets, liabilities, and…
