The Disappearing Defined Benefit Pension and Its Potential Impact on the Retirement Incomes of Baby Boomers

by Barbara A. Butrica, Howard M. Iams, Karen E. Smith, and Eric J. Toder
Social Security Bulletin, Vol. 69 No. 3, 2009
Table equivalent for Chart 2. Percent of last-wave boomers who win and lose 5 percent or more income at age 67 between the baseline and U.K. scenarios, by income quintile
Characteristic Winners Losers
All 3 10
Income quintile
Bottom quintile 2 3
2nd quintile 3 9
3rd quintile 3 12
4th quintile 3 14
Top quintile 2 15
SOURCE: Authors' computations of MINT5 (see text for details).
NOTE: Sample includes individuals with a change of $10 in per person family income at age 67 between the baseline and U.K. scenarios. Projections exclude individuals with family wealth in the top 5 percent of the distribution. Winners and losers are defined as having a 5 percent or more change in income between the baseline and U.K. scenarios.