Tag: pension wealth
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4 percent per child born before January 1992. Using administrative data on the universe of working histories, we implement a difference-in-differences design comparing women who…
The brief’s key findings are: During 2012, using current GASB standards, the funded status of public plans declined slightly from 75 percent to 73 percent. This decline reflected slow asset growth, which was only partly mitigated by reduced liability growth. States and localities also continued to fall short on their annual required contribution payments. Going…
