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Occupational Pensions and Job Mobility in Britain: Estimation of a Random-Effects Competing Risks Model

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Author Info
Mealli, Fabrizia
Pudney, Stephen

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Abstract

We analyse transitions between pensionable jobs, non-pensionable jobs, and other labour market states, using the 1988/9 UK Retirement Survey. We focus on the positive association between length of job tenure and pensionable status, allowing for the possibility that pension scheme members are less mobile than other workers because they have persistent unobserved characteristics that predispose them towards a high degree of security in both employment and retirement. We use a competing risks model with state-specific random effects. The model is estimated by simulated maximum likelihood. Copyright 1996 by John Wiley & Sons, Ltd.

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Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.

Volume (Year): 11 (1996)
Issue (Month): 3 (May-June)
Pages: 293-320
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Handle: RePEc:jae:japmet:v:11:y:1996:i:3:p:293-320

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  1. Martinez-Granado, Maite, 2002. "Self-Employment and Labour Market Transitions: A Multiple State Model," CEPR Discussion Papers 3661, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  2. Lene Kromann, 2009. "Does Employee Body Weight Affect Employers' Behavior?," Economics Working Papers 2009-04, School of Economics and Management, University of Aarhus. [Downloadable!]
  3. Benoit Dostie & Pierre Thomas Léger, 2003. "The Living Arrangement Dynamics of Sick, Elderly Individuals," Cahiers de recherche 03-07, HEC Montréal, Institut d'économie appliquée.
    Other versions:
  4. Richard Disney & Carl Emmerson, 2002. "Choice of pension scheme and job mobility in Britain," IFS Working Papers W02/09, Institute for Fiscal Studies. [Downloadable!]
  5. repec:ese:iserwp: is not listed on IDEAS
  6. Stephen Pudney & Michael Shields, 2000. "Gender, race, pay and promotion in the British nursing profession: estimation of a generalized ordered probit model," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(4), pages 367-399. [Downloadable!]
    Other versions:
  7. Vincenzo Andrietti, 2004. "Pension Choices And Job Mobility In The Uk," Economics Working Papers we043713, Universidad Carlos III, Departamento de Economía. [Downloadable!]
  8. Fabrizia Mealli & Stephen Pudney, . "Applying Heterogeneous Transition Models in Labour Economics: The Role of Youth Training in labour Market transitions," Discussion Papers in Public Sector Economics 99/5, Department of Economics, University of Leicester. [Downloadable!]
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