Richard A. Ippolito
This 1986 volume by the former chief economist of the Pension Benefit Guaranty Corporation explores why defined benefit pensions were created and their economic impact on US labor and capital markets. The book also develops theories of pension underfunding prior to the 1974 ERISA legislation, suggesting that underfunding was a strategic management effort undertaken to give workers a stake in the long-term survivorship of the firm.
1986 · Dow Jones-Irwin · ISBN 0-87094-760-5
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- Download Foreword, Preface & Table of Contents
- Chapter 1: Pension Economics: An Overview
- Chapter 2: Infrastructure of Pensions: Tax Policy in the United States
- Chapter 3: Pension Liabilities: Distinguishing between Legal and True Economic Pension Obligations
- Chapter 4: Economic Funding Levels in Private Pension Plans in the United States
- Chapter 5: Growth of Defined Benefit Plan Assets
- Chapter 6: Defined Contribution Plans: Enhancing or Replacing Defined Benefit Plan Assets?
- Chapter 7: Pension Assets in the Year 2000
- Chapter 8: The Impact of Pensions on the Labor Market
- Chapter 9: The Impact of Pensions on Capital Markets
- Chapter 10: A Theory of Underfunded Pension Plans
- Chapter 11: An Economic Analysis of Pension Coverage and Plan Characteristics
- Chapter 12: Public Policy toward Private Pensions
- Chapter 13: Terminations for Reversion
- Selected Pension Economics Bibliography, Dissenting Comments & Index
