Pension Incentives and Job Mobility

Authors

Alan L. Gustman, Dartmouth College
Thomas L. Steinmeier, Texas Tech University

Publication Date

1-1-1995

DOI

10.17848/9780585183466

Abstract

Using models developed for this study which incorporate an array of behaviors generally omitted from conventional models relating backloading to turnover, Gustman and Steinmeier find that backloading plays only a slight role in explaining mobility differences associated with pension coverage. They propose that higher wages often paid at pension-covered jobs play a greater role in reducing mobility than do pensions.

Files

Contents

1. Introduction and Overview
2. The Basic Arithmetic of Pension Backloading
3. The Literature Relevant to the Pension-Mobility Relationship
4. Descriptive Data and Multivariate Analyses
5. Econometric Specification of the Mobility and Compensation Equations
6. Econometric Estimates with Mobility a Function of Compensation Differentials
7. Econometric Estimates with Separate Backloading and Compensation Premium Variables
8. Pension Policies and Their Effects
9. Conclusions

Note

Relevant reports submitted to the U.S. Dept. of Labor are entitled 'Job Mobility, Older Workers and the Role of Pensions,' September 1987; 'Evaluating Pension Policies in a Model with Endogenous Contributions,' June 1988; and 'Pension Portability and Labor Mobility,' October 1990

Sponsorship

Research supported by three grants from the U.S. Dept. of Labor and by a Martin Segal Fellowship through the Rockefeller Fund in Economics at Dartmouth College

ISBN

9780880991513 (pbk.) ; 9780585183466 (ebook)

Subject Areas

LABOR MARKET ISSUES; Retirement and pensions; Wages, health insurance and other benefits