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Analysis of U.S. Pension Plans and Participants′ Behavior  

Bae, Mi-Kyeong (Dept. of Consumer Information Science, KeiMyung Unviersity)
Lee, Seung-Sin (Dept. of Consumer Science ＆ Housing, Konkuk University)
Publication Information
International Journal of Human Ecology / v.5, no.1, 2004 , pp. 97-115 More about this Journal
Abstract
This paper first introduces the U. S. pension system and its current trends. Then the following two sections discuss the research on worker behavior of defined contribution plans, a popular pension plan available for American workers in recent years, and the adequacy of retirement income among American people. The last section is a summary. This paper reviews the trend of the U. S. pension system, research on worker's behavior of defined contribution retirement plans, and studies on retirement income adequacy. These themes may have common or different features in other countries, such as Korea. This paper provides helpful information for private and public policy makers and researchers of these topics in Korea to advance their understanding of pension and retirement behavior and facilitate effective policy making of pensions and retirement.
Keywords
retirement pension; retirement behavior; U.S. pension system; retirement pension plan;
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