Retirement Savings of Private and Public Sector Employees: A Comparative Study

Journal of Applied Business Research, Vol. 26, No. 6, 2010

Posted: 25 Aug 2010

Date Written: August 24, 2010

Abstract

This study examines the retirement plan participation and savings for United States government employees using the Panel Study of Income Dynamics data set. The findings of this study indicate that plan participation increases with age, income and educational attainment. Those government employees who participate in defined contribution plans make greater contributions into their retirement plans than the non government employees. Minorities and employees with lower income are less likely to participate in the Individual Retirement Accounts, while those with higher educational attainment are more likely to participate.

Keywords: Retirement savings, IRA, Plan Participation, Asset Allocation

JEL Classification: D12, D14, J10, J30

Suggested Citation

Chatterjee, Swarn, Retirement Savings of Private and Public Sector Employees: A Comparative Study (August 24, 2010). Journal of Applied Business Research, Vol. 26, No. 6, 2010, Available at SSRN: https://ssrn.com/abstract=1664861

Swarn Chatterjee (Contact Author)

University of Georgia ( email )

Athens, GA 30602-3622
United States

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