The Transformation of the American Pension System: Was It Beneficial for Workers? by Edward N. Wolff
Published By: Kalamazoo, Mich.: W. E. Upjohn Institute for Employment Research ISBN: 978-0-88099-380-7, cloth; 978-0-88099-379-1, pbk. Date of Publication: 2011
Book Review Detail
John A. Turner of Pension Policy Center
Review DOI: 10.1257/jel.50.3.791.r7 Review Pages: 806-07
Book Review Abstract
John A. Turner of Pension Policy Center reviews "The Transformation of the American Pension System: Was It Beneficial for Workers?" by Edward N. Wolff. The EconLit abstract of the reviewed work begins: Explores changes in the U.S. pension system between 1983 and 2009. Discusses recent trends in household wealth, 1983–2009—robust growth followed by collapse; the literature on retirement wealth and retirement adequacy; the slowdown in pension wealth growth in the 2000s; stagnation of retirement wealth in the 2000s; differences in retirement wealth by demographic and household characteristics; and retirement prospects. Wolff is Professor of Economics at New York University and a senior scholar at the Levy Economics Institute of Bard College. Index.