Publication Date

12-2004

Journal

Yale Law Journal

Abstract

Pension cognoscenti have frequently remarked on the stagnation of defined benefit pensions and the concomitant rise of defined contribution plans. I suggest that, over the last generation, something even more fundamental has occurred, something that can justly be called a paradigm shift. Americans today primarily conceive of and implement retirement savings in the form of individual accounts. Such accounts have become primary instruments of public policy, not just for retirement savings, but increasingly for health care and education as well.

Volume

114

Issue

3

First Page

451

Last Page

534

Publisher

Yale Law School

Keywords

Banking and Finance Law, Labor Law, Employees, Employment, Investment, Employment Practice and the Law

Disciplines

Banking and Finance Law | Labor and Employment Law | Law

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