Back then, millions of women entered the workforce to step into roles historically reserved for men, and this time millions left the workforce to deal with school closures and other changes to home life caused by the pandemic. One question is how durable these changes may be.
In recent years, contributions to private defined-benefit plans have declined significantly as an increasing part of these plans’ accrued benefit liabilities have been met through a rise in the market value of their equity holdings. Offsetting this decline, to some extent, has been an increase in dividend and other capital income.