Later, I will turn to some issues related to individual investors' roles in corporate governance. Retirement savings The American pension landscape has changed dramatically in the past twenty years. Mostly gone are the days when companies addressed their workers' retirement needs solely by paying fixed pensions from retirement until death.
Today's workers are much more likely to manage their own retirement resources by participating in employee-directed savings accounts. This trend has greatly expanded workers' responsibilities for their retirement planning. But it has also raised significant new questions about how effectively employees are handling their new freedoms and responsibilities, and what the appropriate role for employers should be in helping their workers plan for retirement.