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Measuring the Economic Value of Pensions: Calculation Confusion Has Implications for Social Security (PDF)
University of Michigan Retirement Research Center [MRRC] 
Nov. 7, 2012 "The aim of this paper is to increase understanding of the importance of pensions and Social Security as sources of income and wealth in retirement.... [Current Population Survey data from the U.S. Bureau of Labor Statistics] on pension incomes received in retirement understate the full contribution pensions make to supporting retirees. If one is to avoid understating the role of pensions, a great deal of caution is required. Pension income and wealth measures vary when they are measured for the same person, and for the same pension at different times in the life cycle." [Working paper no. 2012-268] MORE >> |
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