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- Title
The relationship between job characteristics and retirement savings in defined contribution plans during the 2007-2009 recession.
- Authors
Tamborini, Christopher R.; Purcell, Patrick; Iams, Howard M.
- Abstract
The article focuses on the links between job characteristics and retirement savings in defined contribution (DC) plans during the 2007-2009 recession. It highlights the lack of research into how job characteristics influence employees' contributions to DC plans. The important role of employer-sponsored pensions in the U.S. retirement security is highlighted. The authors describe the data and methods used in the study and highlight the prevalence of contribution declines by company size. A strong relationship between declines in earnings and reductions in DC plan contributions is also discussed.
- Subjects
UNITED States; JOB descriptions; RETIREMENT; DEFINED contribution pension plans; RECESSIONS; PENSIONS; EMPLOYEE benefits
- Publication
Monthly Labor Review, 2013, Vol 136, Issue 5, p3
- ISSN
0098-1818
- Publication type
Article