Tag: inequality

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,…

Abstract Cutting pensions for the elderly is a difficult task for any government. The elderly are a large, politically active group, and they are viewed sympathetically by the rest of the electorate. In pension programs that are based on a system of contributory social insurance, a sense that benefits have been “earned” adds to recipients’…