For more information, see John Sabelhaus and Alice Henriques Volz (2019), “Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality?” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, February 1), https://www.federalreserve.gov/econres/notes/feds-notes/aredisappearing-employer-pensions-contributing-to-rising-wealth-inequality-20190201.htm. -8income adults do not have any money saved for retirement.
In his capacity as research director and senior vice-president of the St. Louis Fed, Homer Jones played a significant role in shaping this institution’s monetarist reputation. Four years ago, I was invited to give a speech in Paris.