FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3033976827> ?p ?o ?g. }

• W3033976827 endingPage "53" @default.
• W3033976827 startingPage "1" @default.
• W3033976827 abstract "Many U.S. corporations have frozen defined benefit (DB) pension plans, replacing new DB promises with contributions to defined contribution (DC) plans. We estimate expected DB accruals from the age-service and salary distributions of a large sample of U.S. corporate pension plans with more than 1,000 employees. Comparing the counterfactual DB accruals to the actual increase in 401(k) and other DC contributions for firms that freeze, we find only partial compensation to employees for the lost DB accruals. Net of the increase in total DC contributions, firms save 2.7-3.6% of payroll per year, and over a 10-year horizon they save 3.1% of total firm assets. Workers would have to value the structure, choice, flexibility, or portability of DC plans by at least this much more to experience welfare gains from freezes. The forgone accruals and net cost effects are initially largest for older employees but over time become largest for middle-aged employees who plan to stay with the firms until retirement. Furthermore, the probability that a firm freezes a pension plan is positively related to the value of new accruals as a share of firm assets. While there are differences in the age-service distributions of firms that freeze versus those that do not, we find that the differential accrual effect is largely driven by differences in benefit factors and the relative importance of labor in the freeze firm&#x27;s production function. The results overall support the hypothesis that pension freezes affect overall compensation and therefore that they change compensation costs relative to a worker&#x27;s marginal product." @default.
• W3033976827 created "2020-06-12" @default.
• W3033976827 creator A5004596860 @default.
• W3033976827 creator A5036984578 @default.
• W3033976827 creator A5050420368 @default.
• W3033976827 date "2013-01-01" @default.
• W3033976827 modified "2023-09-24" @default.
• W3033976827 title "Cost Shifting and the Freezing of Corporate Pension Plans" @default.
• W3033976827 cites W1481326093 @default.
• W3033976827 cites W1488389184 @default.
• W3033976827 cites W1573878645 @default.
• W3033976827 cites W1957341166 @default.
• W3033976827 cites W1997982508 @default.
• W3033976827 cites W2036975000 @default.
• W3033976827 cites W2121490524 @default.
• W3033976827 cites W2152417838 @default.
• W3033976827 cites W2154883856 @default.
• W3033976827 cites W2156559978 @default.
• W3033976827 cites W2162545061 @default.
• W3033976827 cites W3025578270 @default.
• W3033976827 cites W3121193968 @default.
• W3033976827 cites W3121227104 @default.
• W3033976827 cites W3121511244 @default.
• W3033976827 cites W3121659613 @default.
• W3033976827 cites W3121783051 @default.
• W3033976827 cites W3122711915 @default.
• W3033976827 cites W3123626934 @default.
• W3033976827 cites W3124035573 @default.
• W3033976827 cites W3124381480 @default.
• W3033976827 cites W4234712938 @default.
• W3033976827 doi "https://doi.org/10.17016/feds.2013.82" @default.
• W3033976827 hasPublicationYear "2013" @default.
• W3033976827 type Work @default.
• W3033976827 sameAs 3033976827 @default.
• W3033976827 citedByCount "2" @default.
• W3033976827 countsByYear W30339768272012 @default.
• W3033976827 countsByYear W30339768272014 @default.
• W3033976827 crossrefType "journal-article" @default.
• W3033976827 hasAuthorship W3033976827A5004596860 @default.
• W3033976827 hasAuthorship W3033976827A5036984578 @default.
• W3033976827 hasAuthorship W3033976827A5050420368 @default.
• W3033976827 hasBestOaLocation W30339768271 @default.
• W3033976827 hasConcept C100243477 @default.
• W3033976827 hasConcept C10138342 @default.
• W3033976827 hasConcept C108650721 @default.
• W3033976827 hasConcept C111472728 @default.
• W3033976827 hasConcept C119857082 @default.
• W3033976827 hasConcept C121955636 @default.
• W3033976827 hasConcept C138885662 @default.
• W3033976827 hasConcept C144133560 @default.
• W3033976827 hasConcept C145236788 @default.
• W3033976827 hasConcept C162118730 @default.
• W3033976827 hasConcept C162324750 @default.
• W3033976827 hasConcept C2776291640 @default.
• W3033976827 hasConcept C2778873167 @default.
• W3033976827 hasConcept C2780090960 @default.
• W3033976827 hasConcept C2780899237 @default.
• W3033976827 hasConcept C2781426361 @default.
• W3033976827 hasConcept C34447519 @default.
• W3033976827 hasConcept C41008148 @default.
• W3033976827 hasConcept C4577558 @default.
• W3033976827 hasConcept C6927289 @default.
• W3033976827 hasConceptScore W3033976827C100243477 @default.
• W3033976827 hasConceptScore W3033976827C10138342 @default.
• W3033976827 hasConceptScore W3033976827C108650721 @default.
• W3033976827 hasConceptScore W3033976827C111472728 @default.
• W3033976827 hasConceptScore W3033976827C119857082 @default.
• W3033976827 hasConceptScore W3033976827C121955636 @default.
• W3033976827 hasConceptScore W3033976827C138885662 @default.
• W3033976827 hasConceptScore W3033976827C144133560 @default.
• W3033976827 hasConceptScore W3033976827C145236788 @default.
• W3033976827 hasConceptScore W3033976827C162118730 @default.
• W3033976827 hasConceptScore W3033976827C162324750 @default.
• W3033976827 hasConceptScore W3033976827C2776291640 @default.
• W3033976827 hasConceptScore W3033976827C2778873167 @default.
• W3033976827 hasConceptScore W3033976827C2780090960 @default.
• W3033976827 hasConceptScore W3033976827C2780899237 @default.
• W3033976827 hasConceptScore W3033976827C2781426361 @default.
• W3033976827 hasConceptScore W3033976827C34447519 @default.
• W3033976827 hasConceptScore W3033976827C41008148 @default.
• W3033976827 hasConceptScore W3033976827C4577558 @default.
• W3033976827 hasConceptScore W3033976827C6927289 @default.
• W3033976827 hasIssue "82" @default.
• W3033976827 hasLocation W30339768271 @default.
• W3033976827 hasLocation W30339768272 @default.
• W3033976827 hasOpenAccess W3033976827 @default.
• W3033976827 hasPrimaryLocation W30339768271 @default.
• W3033976827 hasRelatedWork W1504750403 @default.
• W3033976827 hasRelatedWork W2122728457 @default.
• W3033976827 hasRelatedWork W2322329591 @default.
• W3033976827 hasRelatedWork W2807475265 @default.
• W3033976827 hasRelatedWork W2981002698 @default.
• W3033976827 hasRelatedWork W3033976827 @default.
• W3033976827 hasRelatedWork W3035586495 @default.
• W3033976827 hasRelatedWork W3123516636 @default.
• W3033976827 hasRelatedWork W3148372258 @default.
• W3033976827 hasRelatedWork W4233932723 @default.
• W3033976827 hasVolume "2013" @default.

• next