The aim of this chapter is to investigate the possibility of combining human capital theory
(HCT) and the capability approach (CA) in order to better understand and measure both the …

We examine individual choices between a defined contribution (DC) and a defined benefit
(DB) retirement plan at a large public employer. We find sensible patterns with regard to …

We solve an empirically parameterized life‐cycle model of consumption and pension
choices to show how expected earnings growth and risk affect the benefits of final‐salary …

This study develops a structural dynamic life‐cycle model to examine the behavior of
members of an industry‐wide pension fund to assess both the prevalence of defaults and …

This paper examines a natural experiment in which Washington State teachers were offered
the opportunity to choose between enrolling in a traditional defined benefit (DB) plan and a …

We study the effect of incorporating heterogeneity into default rules by examining the choice
between retirement plans at a firm that transitioned from a defined benefit (DB) to a defined …

Abstract Background and Objectives The ongoing shift from defined benefit (DB) to defined
contribution (DC) pension plans means that middle-aged and older adults are increasingly …

We explore what happened when the state of Utah moved away from its traditional defined
benefit pension. In its place, it offered new hires a choice between a conventional defined …

We report analysis of voluntary switching from defined benefit (DB) to defined contribution
(DC) plans in an environment best characterised as benign. Using a large Australian fund …

Since 2002, public school teachers in Florida have been permitted to choose between a
defined benefit (DB) and a defined contribution (DC) retirement plan. We exploit this unique …