The impact of retirement account distributions on measures of family income.

Q3 Social Sciences Social Security Bulletin Pub Date : 2013-01-01
Howard M Iams, Patrick J Purcell
{"title":"The impact of retirement account distributions on measures of family income.","authors":"Howard M Iams,&nbsp;Patrick J Purcell","doi":"","DOIUrl":null,"url":null,"abstract":"<p><p>In recent decades, employers have increasingly replaced defined benefit (DB) pensions with defined contribution (DC) retirement accounts for their employees. DB plans provide annuities, or lifetime benefits paid at regular intervals. The timing and amounts of DC distributions, however, may vary widely. Most surveys that provide data on the family income of the aged either collect no data on nonannuity retirement account distributions, or exclude such distributions from their summary measures of family income. We use Survey of Income and Program Participation (SIPP) data for 2009 to estimate the impact of including retirement account distributions on total family income calculations. We find that about one-fifth of aged families received distributions from retirement accounts in 2009. Measured mean income for those families would be about 15 percent higher and median income would be 18 percent higher if those distributions were included in the SIPP summary measure of family income.</p>","PeriodicalId":39542,"journal":{"name":"Social Security Bulletin","volume":"73 2","pages":"77-84"},"PeriodicalIF":0.0000,"publicationDate":"2013-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Social Security Bulletin","FirstCategoryId":"1085","ListUrlMain":"","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 0

Abstract

In recent decades, employers have increasingly replaced defined benefit (DB) pensions with defined contribution (DC) retirement accounts for their employees. DB plans provide annuities, or lifetime benefits paid at regular intervals. The timing and amounts of DC distributions, however, may vary widely. Most surveys that provide data on the family income of the aged either collect no data on nonannuity retirement account distributions, or exclude such distributions from their summary measures of family income. We use Survey of Income and Program Participation (SIPP) data for 2009 to estimate the impact of including retirement account distributions on total family income calculations. We find that about one-fifth of aged families received distributions from retirement accounts in 2009. Measured mean income for those families would be about 15 percent higher and median income would be 18 percent higher if those distributions were included in the SIPP summary measure of family income.

分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
退休帐户分配对家庭收入的影响。
近几十年来,雇主越来越多地用固定缴款(DC)退休账户取代固定收益(DB)养老金。固定收益计划提供定期支付的年金或终身福利。然而,DC分配的时间和数量可能会有很大的不同。大多数提供老年人家庭收入数据的调查要么没有收集有关非年金退休账户分配的数据,要么将此类分配从家庭收入的汇总衡量中排除。我们使用2009年收入和计划参与调查(SIPP)数据来估计包括退休账户分配对家庭总收入计算的影响。我们发现,2009年,大约五分之一的老年家庭从退休账户中获得了分配。如果将这些分配纳入SIPP的家庭收入汇总衡量标准,这些家庭的测量平均收入将高出约15%,中位数收入将高出18%。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
Social Security Bulletin
Social Security Bulletin Social Sciences-Social Sciences (miscellaneous)
CiteScore
0.70
自引率
0.00%
发文量
0
期刊最新文献
Introduction: Present Principles Industrial Life Assurance Widows', Orphans' and Old Age Pensions Finance of the Social Services National Health Insurance
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1