Results 1 - 2 of 2 for Federal Funds Rate [Author: Leora Friedberg]
How Do Local Labor Markets Affect Retirement? - Review
The biggest effect of a higher local unemployment rate on older workers is to raise their propensity to stay in their current job. Older workers have fewer voluntary transitions to new jobs when the unemployment rate rises, but they especially have fewer voluntary transitions out of the labor force. Thus, the direct effect of job loss in inducing earlier retirement during recessions is outweighed by retirement delays among those with jobs.
research.stlouisfed.org/.../review/2017/07/05/how-do-local-labor-markets-affect-retirement
Not Your Father's Pension Plan: The Rise of 401(k) and Other Defined Contribution Plans - Review
The number of workers with a 401(k) plan grew from 7.1 million in 1983 to 38.9 million by 1993. The rapid diffusion of 401(k) and other portable defined contribution plans and the decline in defined benefit pensions represent a major change in pension structure.
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Leora Friedberg 2 items
Michael T. Owyang 2 items
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