What the 2008 stock market crash means for retirement security

Journal of Aging and Social Policy

Volumn 22, Issue 4, 2010, Pages 339-359

  Butrica, Barbara A ^a   Smith, Karen E ^a   Toder, Eric J ^a  

^a URBAN INSTITUTE   (United States)

Author keywords

Economic well being; Economy; Income distribution; Older adults; Retirement

Indexed keywords

ELDERLY CARE; FINANCIAL MARKET; INCOME DISTRIBUTION; INVESTMENT; RETIREMENT; SAVINGS; SIMULATION; SOCIAL SECURITY; STOCK MARKET;

ACCOUNTING; AGED; ARTICLE; ECONOMICS; FINANCIAL MANAGEMENT; FORECASTING; HUMAN; INCOME; INVESTMENT; MIDDLE AGED; RETIREMENT; SALARY AND FRINGE BENEFIT; SOCIAL SECURITY; STATISTICAL MODEL; STATISTICS; UNITED STATES;

ACCOUNTING; AGED; FINANCING, PERSONAL; FORECASTING; HUMANS; INCOME; INVESTMENTS; MIDDLE AGED; MODELS, ECONOMIC; RETIREMENT; SALARIES AND FRINGE BENEFITS; SOCIAL SECURITY; UNITED STATES;

EID: 77957728603     PISSN: 08959420     EISSN: 15450821     Source Type: Journal    
DOI: 10.1080/08959420.2010.507623     Document Type: Article

References (20)

1. Board of Trustees. (2008). The 2008 annual report of the board of trustees of the federal old-age and survivors insurance and disability insurance trust funds. Washington, DC: Board of Trustees.
2. Brady, P. (2009). What does the market crash mean for the ability of 401(k) plans to provide retirement income? National Tax Journal, LXII(3), 455-476.
3. Burtless, G. (2009). Financial market turbulence and social security reform. In M. A. Orenstein (Ed.), Pensions, social security, and the privatization of risk (pp. 72-85). New York, NY: Columbia University Press.
4. Butrica, B. A., Smith, K. E., & Toder, E. J. (2009). Retirement security and the stock market crash: What are the possible outcomes? (Retirement Project Discussion Paper No. 09-05). Washington, DC: The Urban Institute.
5. Choi, J. J., Laibson, D., Madrian, B. C., & Metrick, A. (2004). For better or for worse: Default effects and 401(k) savings behavior. In D. A. Wise (Ed.), Perspectives in the economic of aging (pp. 81-121). Chicago, IL: University of Chicago Press.
6. Favreault, M. M., & Smith, K. E. (2004). A primer on the dynamic simulation of income model (DYNASIM3). (Retirement Project Discussion Paper No. 02-04). Washington, DC: The Urban Institute.
7. Holden, S., & VanDerhei, J. (2002). Can 401(k) accumulations generate significant income for future retirees? (Issue Brief No. 251). Washington, DC: Employee Benefit Research Institute.
8. Holmer, M., Janney, A., & Cohen, B. (2010). PENSIM Overview. (Report for the U.S. Department of Labor, Employee Benefits Security Administration, Office of Policy and Research). Washington, DC: Policy Simulation Group, Inc.
9. Ibbotson Associates. (2008). Stocks, bonds, bills, and inflation (SBBI) 2008 yearbook: Market results for 1926-2007. Chicago, IL: Ibbotson Associates.
10. Investment Company Institute. (2010). The U.S. retirement market, third quarter 2009. (Research Fundamentals 18 (5-Q3)). Washington, DC: Investment Company Institute.
11. Madrian, B. C., & Shea, D. F. (2001). The power of suggestion: Inertia in 401(k) participation and savings behavior. Quarterly Journal of Economics, 116(4), 1149-1187.
12. President's Commission to Strengthen Social Security. (2001). Strengthening social security and creating personal wealth for all Americans: Report of the President's Commission. Washington, DC: President's Commission to Strengthen Social Security.
13. Sabelhaus, J., Bogdan, M., & Schrass, D. (2008). Equity and bond ownership in America, 2008. Washington, DC: Investment Company Institute & the Securities Industry and Financial Markets Association.
14. Smith, K. E., Favreault, M. M., Ratcliffe, C., Butrica, B. A., Toder, E. J., & Bakija, J. (2007). Modeling income in the near term 5. Washington, DC: The Urban Institute.
15. Soto, M. (2008). How is the financial crisis affecting retirement savings? (Fact Sheet on Retirement Policy, December 3, 2008, Update). Washington, DC: The Urban Institute.
16. Toder, E. J., Thompson, L., Favreault, M. M., Johnson, R. W., Perese, K., Ratcliffe, C., et al. (2002). Modeling income in the near term: Revised projections of retirement income through 2020 for the 1931-1960 birth cohorts. Washington, DC: The Urban Institute.
17. U.S. Census Bureau. (2008). Statistical abstract of the United States: 2008 (128th edition). Washington, DC: U.S. Census Bureau.
18. U.S. Department of Labor. (2002). Private pension plan bulletin: Abstract of 1998 form 5500 annual reports. (No. 11 Winter 2001-2002). Washington, DC: U.S. Department of Labor.
19. U.S. Department of Labor. (2009). National Compensation Survey: Employee ben efits in the United States, March 2009. (Bulletin 2731). Washington, DC: U.S. Department of Labor.
20. VanDerhei, J., Holden, S., & Alonso, L. (2009). 401(k) plan asset allocation, account balances, and loan activity in 2008. (EBRI Issue Brief No. 335 and ICI Perspective Vol. 15. No. 2). Washington, DC: Employee Benefit Research Institute & Investment Company Institute.