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![handle is hein.amenin/aeiaasj0001 and id is 1 raw text is:
The Choice The privati
States has
of the mid-19
new, tax pi
Pension Plans
0 are favorii
in a -in whic]
Changing amounts in
is eligible
Regulatory at retiremt
in which tI
Environment at
cordfing to
By Robert L. Clark and tions have
Ann A. Mcbermed benefit plai
them.
Theat
hind this sa
iStatstries
they analy
productivil
They then
their fike
policy.
ROBERT L
Depa rtmei
at North
Raleigh.f
and the E
deny (198'
assistrant
State Univ
THE AEI PRESS
Pu uher or eAmeicanntTrhe rthen
150 1 h Se iN . Wshintheir likel03
e pension system in the United
changed dramatically since
970s, Under the influence of
olicies and changing federal
s, more employers and workers
ng defined contribution plans
,h the employer pays regular
nto an account and the worker
for the value of this account
ent-over the traditional plans
he worker receives an annuity
ent based on final wages. Ac-
the authors, federal regula-
increased the cost of defined
ns and reduced the gains from
thors examine the reasons be-
hift, which has occurred in all
and in plants of all sizes, and
ze the implications on workers'
ty and lifetime compensation.
review further regulations for
v influence on pension plans
st implications for government
CLARK is a professor in the
nt of Economics and Business
Carolina State University in
is most recent book is Inflation
.conomic Well-being of the El-
4). ANN A. McDERMED is an
professor at North Carolina
'ersity.
US $12.00
ISBN-13; 978-0-8447-3725-6
ISON-1o: 0-8447-37259-
5 1200
9 780844 7372565](ViewImageLocal?handle=hein.amenin/aeiaasj0001&div=1&collection=&method=preview&ext=.png&size=3)