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Are Philadelphians Ready for Retirement?

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Abstract

Workers across the country face a retirement crisis. However, workers in Philadelphia are faring worse than average. First, workers in Philadelphia are less likely than workers nationally to have access to an employer-sponsored retirement account. Second, the retirement plan participation rate among workers with access to a plan at work is lower than the national average. The report was prepared on behalf of the City Council of Philadelphia.

Suggested Citation

  • Teresa Ghilarducci & Bridget Fisher & Alex Pavlakis & Siavash Radpour & Anthony Webb, 2016. "Are Philadelphians Ready for Retirement?," SCEPA publication series. 2016-02, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapb:2016-02
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/retirement_security/Philadelphia_Retirement_Report_final.pdf
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    More about this item

    Keywords

    Retirement; GRA; Savings; Retirement;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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