Portland State University. Department of Economics
Richard B. Halley
Date of Publication
Master of Science in Economics (MSECO)
1 online resource (113 p.)
In light of the retirement phenomena, the development and utilization of private pensions may be viewed as a market response based on individual and collective recognition of the need to plan to finance retirement from the labor force. This market response however, is shown to have produced a profusion of independent differential pension schemes which may vary with respect to their administrative mechanisms, the type and adequacy of benefits paid, the level at which contributions are made to the plan by participants and the basis of these contributions, and the adequacy of funding. As a result, it is not only difficult to generalize about the nature of pensions, but the response of private pensions to changing market conditions and the nature of factors affecting the stability of private pensions are variable and diverse.
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Dobra, John Louis, "Private pensions and the free market" (1975). Dissertations and Theses. Paper 2261.