Worker Knowledge of Pension Provisions
AbstractThis article evaluates the quality of workers' information regarding pension offerings using both administrative records and worker repor ts of pension provisions. Missing and incorrect information is widesp read. Unionized employees, higher income workers, better educated wor kers, and those with seniority are better informed about their pensio ns. There are also demographic differences: minorities have less pens ion knowledge than whites, but women are better informed than men alo ng several pension dimensions. Myopia about pension incentive structu res is troubling since workers may save or consume suboptimally, chan ge jobs, or retire earlier than they would have if equipped with bett er pension information. Copyright 1988 by University of Chicago Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Labor Economics.
Volume (Year): 6 (1988)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JOLE/
Other versions of this item:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Olivia S. Mitchell & Gary S. Fields, 1981. "The Effects of Pensions and Earnings on Retirement: A Review Essay," NBER Working Papers 0772, National Bureau of Economic Research, Inc.
- Mellow, Wesley & Sider, Hal, 1983. "Accuracy of Response in Labor Market Surveys: Evidence and Implications," Journal of Labor Economics, University of Chicago Press, vol. 1(4), pages 331-44, October.
- Olivia S. Mitchell & Emily S. Andrews, 1981. "Scale economies in private multi-employer pension systems," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 34(4), pages 522-530, July.
- Pozzebon, Silvana & Mitchell, Olivia S, 1989.
"Married Women's Retirement Behavior,"
Journal of Population Economics,
Springer, vol. 2(1), pages 39-53.
- Edward P. Lazear & Sherwin Rosen, 1984.
NBER Working Papers
1477, National Bureau of Economic Research, Inc.
- Steven G. Allen & Robert L. Clark, 1985. "Unions, Pension Wealth, and Age-Compensation Profiles," NBER Working Papers 1677, National Bureau of Economic Research, Inc.
- Zvi Bodie & John B. Shoven & David A. Wise, 1987. "Issues in Pension Economics," NBER Books, National Bureau of Economic Research, Inc, number bodi87-1.
- Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
- Alan L. Gustman & Thomas L. Steinmeier, 1988. "An Analysis Of Pension Benefit Formulas, Pension Wealth And Incentives From Pensions," NBER Working Papers 2535, National Bureau of Economic Research, Inc.
- Olivia S. Mitchell & Rebecca A. Luzadis, 1985. "Firm-Level Policy Toward Older Workers," NBER Working Papers 1579, National Bureau of Economic Research, Inc.
- Laurence J. Kotlikoff & David A. Wise, 1987.
"The Incentive Effects of Private Pension Plans,"
in: Issues in Pension Economics, pages 283-340
National Bureau of Economic Research, Inc.
- Gary S. Fields & Olivia S. Mitchell, 1984. "Retirement, Pensions, and Social Security," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262060914, January.
- Duncan, Greg J & Hill, Daniel H, 1985. "An Investigation of the Extent and Consequences of Measurement Error in Labor-Economic Survey Data," Journal of Labor Economics, University of Chicago Press, vol. 3(4), pages 508-32, October.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division).
If references are entirely missing, you can add them using this form.