Pension Substitution in the 1980s: Why the Shift toward Defined Contribution?

• Published in: Industrial relations (Berkeley) Vol. 34; no. 2; pp. 218 - 241
• Main Author: KRUSE, DOUGLAS L.
• Format: Journal Article
• Language: English
• Published: Oxford, UK Blackwell Publishing Ltd 01.04.1995; Wiley Subscription Services, Inc
• Subjects: Changes; Costs; Deferred compensation; Defined benefit plans; Defined contribution plans; Employee benefits; Employees; Employers; Flexibility; Labor market; LBO; Leveraged buyouts; Pension plans; Pensions; Personal retirement pensions; Savings; Studies; Trends; USA; Wages & salaries; United States > US

The relative decline of defined benefit (DB) pension plans, and growth of defined contribution (DC) plans, has been often noted but not extensively explored. This paper reports on the construction of a new longitudinal company‐based data set on pension plans for the years 1980‐86 (including all U.S....