Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/35554 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorEven, William E.en
dc.contributor.authorMacpherson, David A.en
dc.date.accessioned2009-04-30-
dc.date.accessioned2010-07-07T11:53:15Z-
dc.date.available2010-07-07T11:53:15Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:101:1-20090330256en
dc.identifier.urihttp://hdl.handle.net/10419/35554-
dc.description.abstractSince 1990, most pension plans have shifted the responsibility for directing pension assets to the employee. This study summarizes some of the possible explanations for this rapid shift toward participant direction and uses IRS Form 5500 data to investigate the effect of worker and plan characteristics on the likelihood of making a switch. The study also estimates the effect of a switch to participant direction on employee contribution and asset allocation behavior. The analysis reveals that collective bargaining and pension investments in employer stock reduce the chance of a switch to participant direction, whereas below average return performance increases the chance. Also, a switch to participant direction increases employee contributions to the pension and reduces the share of assets invested in employer securities.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4088en
dc.subject.jelJ32en
dc.subject.ddc330en
dc.subject.keywordParticipant directionen
dc.subject.keywordpensionsen
dc.subject.keywordemployer stocken
dc.subject.stwBetriebliche Altersversorgungen
dc.subject.stwPensionsfondsen
dc.subject.stwArbeitnehmerbeteiligungen
dc.subject.stwAnlageverhaltenen
dc.subject.stwUSAen
dc.titleThe growth of participant direction in defined contribution plans-
dc.type|aWorking Paperen
dc.identifier.ppn598977724en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
138.16 kB





Publikationen in EconStor sind urheberrechtlich geschützt.