Acknowledgments
1. Introduction
Zvi Bodie, John B. Shoven, and David A. Wise
I. Pensions and Corporate Finance
2. Funding and Asset Allocation in Corporate Pension Plans: An Empirical Investigation
Zvi Bodie, Jay O. Light, Randall Mørck, and Robert A. Taggart, Jr.
Comment: André F. Perold
3. Corporate Pension Policy and the Value of PBGC Insurance
Alan J. Marcus
Comment: William F. Sharpe
4. How Does the Market Value Unfunded Pension Liabilities?
Jeremy I. Bulow, Randall Mørck, and Lawrence Summers
Comment: Myron S. Scholes
II. Pensions and Retirement Income Adequacy
5. Concepts and Measures of Earnings Replacement during Retirement
Michael J. Boskin and John B. Shoven
Comment: Alan L. Gustman
6. Pension Plan Integration as Insurance against Social Security Risk
Robert C. Merton, Zvi Bodie, and Alan J. Marcus
Comment: Jeremy I. Bulow
III. Pensions and Savings Behavior
7. Uncertain Lifetimes, Pensions, and Individual Saving
R. Glenn Hubbard
Comment: Olivia S. Mitchell
8. Annuity Markets, Savings, and the Capital Stock
Laurence J. Kotlikoff, John B. Shoven, and Avia Spivak
Comment: Michael Rothschild
9. Dissaving after Retirement: Testing the Pure Life Cycle Hypothesis
B. Douglas Bernheim
Comment: Michael Hurd
IV. Pensions and the Labor Market
10. The Incentive Effects of Private Pension Plans
Laurence J. Kotlikoff and David A. Wise
Comment: Thomas A. Gustafson
11. Pension Inequality
Edward P. Lazear and Sherwin Rosen
Comment: Sylvester J. Schieber
List of Contributors
Author Index
Subject Index