Volume 11 Issue 2 - June 2010
New Book on Pensions in the HRS
Pensions in the Health and Retirement Study. Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai (Harvard University Press, 2010).
Harvard University Press writes "This book presents a careful analysis of pension data collected by the Health and Retirement Study, a unique survey of people over the age of fifty conducted by the University of Michigan for the National Institute on Aging. The authors studied pensions as they evolve over individuals’ work lives and into retirement: how pension coverage and plans change over a lifetime, how many pensions workers have by the time they retire and what these pensions are worth, what pensions contribute to individual retirement incomes, and how trends and policy changes affect retirement plans.
The book focuses on the major features of pensions, including
plan type and participation, ages of eligibility for retirement, values of different pension types, how pension values are influenced
by retirement age, how plans are settled when a worker leaves a
firm, how well people understand their pensions, the importance of
pensions in retirement saving and as a share of household wealth,
and the vulnerability of the retirement age population to the current financial crisis.
This book provides readers with an invaluable look at the crucial but ever-changing role of pensions in supporting retirees."
Alan L. Gustman is Professor of Economics at Dartmouth College and holds the Loren M. Berry Chair in Economics. Thomas L. Steinmeier is Professor of Economics at Texas Tech University. Nahid Tabatabai is a Research Associate in Economics at Dartmouth College.