Title

The Wage Carrot and the Pension Stick: Retirement Benefits and Labor Force Participation

Year

1989

Abstract

Kotlikoff and Wise document the continued backloading of pension benefits and the extent of retirement incentives by examining pension accrual in over 1,500 companies with defined benefit plans. They also perform a detailed analysis on the retirement plan of a "Fortune 500" company.

Contents

  1. Introduction
  2. Understanding Pension Benefit Accrual
  3. Pension Accrual in the BLS-LOB Data
  4. The Pension Cost of Job Change and Sex, Industry, and Occupation Differences in Accrual
  5. Pension Accrual in a Large Firm
  6. The Relationship Between Retirement, Age, and Years of Service
  7. Summary and Conclusions

Sponsorship

Financial support from the W.E. Upjohn Institute for Employment Research, the National Institute of Aging (grant number 3P01AG05842-01), the Department of Health and Human Services, and the National Bureau of Economic Research

ISBN

9780880990813 (pbk.)

Subject Areas

EMPLOYMENT and COMPENSATION; Retirement and pensions; Employer strategies; Pensions; Retirement decisions