Is Pension Inequality Growing?
January 5, 2010
The brief’s key findings are:
- Among workers whose employers offer a pension plan, participation rates are much lower for low earners and have declined over time.
- The decline is largely due to the rise of 401(k)s.
- Low earners often cite monetary constraints, though non-monetary reasons are also important.
- On the non-monetary side auto-enrollment should help, but little movement occurred between 2004 and 2007.
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Citation
Karamcheva, and Geoffrey T. Sanzenbacher. 2010. "Is Pension Inequality Growing?" Issue in Brief 10-1. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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