Article

The Development of Employer Retirement Income Plans: from the Nineteenth Century to 1980

Steven Sass

in The Oxford Handbook of Pensions and Retirement Income

Published in print July 2006 | ISBN: 9780199272464
Published online September 2009 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199272464.003.0005

Series: Oxford Handbooks in Business and Management C

 The Development of Employer Retirement Income Plans: from the Nineteenth Century to 1980

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Employer pension plans are the products of the modern industrial economy. They took shape in the nineteenth century and by the end of the 1930s were standard in large government and business organizations. Only after the Second World War, however, and only in a subset of nations, did employer plans become an important component of national retirement systems. In these nations they became major providers of old-age income, especially for middle- and upper-income workers. Whether retirement plans created and maintained by employers maintain this role in the future, however, is far from certain.

Keywords: retirement income; employer retirement plans; employer pension plans; nineteenth century; business organizations; national retirement system

Article.  8130 words. 

Subjects: Business and Management ; Business History

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