The November Review

Article excerpt

Given ongoing events in the securities markets, workers and their families are perhaps more focused on their retirement plans and retirement investments than ever before. The lead article in this month's Review examines an important aspect in the history of 401(k) plans, namely, the changing availability over time of the opportunity to invest in the stock of one's own employer. William J. Wiatrowski first provides a brief overview of these defined contribution retirement plans, and then elucidates the shift over the 20 years from 1985 to 2005 of the use of stock as an investment vehicle. Given the prominence and ubiquity of 401(k) plans in today's world, the changes discussed in this article are particularly timely.

Zack Warren compares occupational employment and wages in the not-for-pro. t and for-pro. t sectors using data from the Occupational Employment Statistics (OES) program. As he notes, the number of not-for-pro. t institutions has increased rapidly in recent years, and the employment generated by such places has grown concurrently. Using the great volume of detailed industry and occupational employment information available from this program, he finds that occupational differences between for-profit and not-for-profit organizations can vary greatly from industry to industry. …