Pension Choices and Job Mobility in the UK
AbstractUsing data from the British Household Panel Survey we analyze the impact of second tier pension scheme choices on job mobility within a discrete time hazard rate framework. We find that workers either offered and participating or offered and not participating to an occupational pension plan have significantly lower quit rates. However, once the endogeneity of pension scheme status is accounted for through an instrumental variable procedure, these coefficients are no more significant. Alternatively, the effect of pension portability losses on quits' hazards is never significant. The additional finding that workers participating to occupational pension plans are significantly less likely to quit for a non pension job can be interpreted as indirect evidence that they are in "good" jobs.
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Bibliographic InfoPaper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number 6.
Date of creation: 04 Jun 2003
Date of revision:
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Postal: Office of the Secretary-General, School of Economics and Finance, University of St. Andrews, St. Andrews, Fife, KY16 9AL, UK
Phone: +44 1334 462479
Web page: http://www.res.org.uk/society/annualconf.asp
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labour mobility; occupational pension plans; duration analysis instrumental variables;
Find related papers by JEL classification:
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
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