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Overview of the Issue
| Content Provider | Scilit |
|---|---|
| Author | Brown, Jeffrey Orszag, Mike Schieber, Sylvester J. |
| Copyright Year | 2004 |
| Description | The last decade has seen tremendous interest in hybrid pension plans in the United States. These plans combine risk sharing between employers and employees with increased incentives for employees to remain in the labour force. Hybrid plans avert many of the key issues with defined contribution plans, such as participant exposure to financial risk, the consequent need for extensive financial education and high administrative costs. Hybrids also help rectify some of the main drawbacks of traditional final salary plans: lack of portability, high incentives to retire early and redistribution towards those whose wage growth is above average. |
| Related Links | https://www.cambridge.org/core/services/aop-cambridge-core/content/view/2346DA0DE44D8CBC4D393CB6778F890A/S1474747204001817a.pdf/div-class-title-overview-of-the-issue-div.pdf |
| Ending Page | 270 |
| Page Count | 2 |
| Starting Page | 269 |
| ISSN | 14747472 |
| e-ISSN | 14753022 |
| DOI | 10.1017/s1474747204001817 |
| Journal | Journal of Pension Economics and Finance |
| Issue Number | 3 |
| Volume Number | 3 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2004-11-01 |
| Access Restriction | Open |
| Subject Keyword | Journal of Pension Economics and Finance Industrial Relations Empirical Evidence Asset Allocation Internal Rate of Return Corporate Governance Adverse Selection Overlapping Generations Model Financial Risk |
| Content Type | Text |
| Resource Type | Article |
| Subject | Finance Economics and Econometrics Organizational Behavior and Human Resource Management |
