Relative to defined benefit (DB) plans, defined contribution (DC) plans have been linked to
greater employee mobility. Because employees with different underlying mobility tendencies …

Defined benefit (DB) plans and defined contribution (DC) plans are the two main types of
retirement pensions sponsored by US employers. This paper explores the choices made by …

Over the last 25 years, the United States has seen a dramatic shift in the private sector away
from defined benefit plans and towards defined contribution plans. While commentators …

Many organizations have either already terminated their defined benefit (DB) plans or are
thinking about it, in order to offload the financial and regulatory risks these programs pose …

We study the effect of incorporating heterogeneity into default rules by examining the choice
between retirement plans at a firm that transitioned from a defined benefit (DB) to a defined …

Defined benefit pension plans have become considerably less common since the early
1980s, while defined contribution plans have spread. Previous research showed that …

Some contend the US labor market will fail to adapt smoothly to an aging workforce,
whereas others argue that employee pensions can and will play an important role in helping …

Public pension systems in many US states face large funding shortfalls, and policymakers
have considered moving toward defined contribution (DC) pension structures in the interest …

This study uses the Retirement Confidence Survey of College and University Faculty, 2005,
to examine the impact of pension plan incentives on retirement age and to understand how …

We study heterogeneity in responsiveness to choice architecture, focusing on the propensity
of low-income versus high-income employees to opt out of the default contribution rate in …